$MCD Upside Coming Post Earnings?

trade-idea

$MCD reports earnings tomorrow morning. I took a flyer on some calls in anticipation of a sharp move to the upside. I alerted these calls this morning via private twitter.

mcd5555

Should $MCD fail to rally these calls will open for trade at $.05 or less, resulting in an almost total loss on investment. They are high risk. But with the high risk comes the possibility of high reward. The same could be said about the $NUS $130 puts I alerted at $.50 last week. They ended up being worth over $60. That's $500 into $60,000 in 2 trading days. It's not the norm but it happens, and happens more frequently at optionmillionaires.com then anywhere else.

$MCD has been consolidating, and from a technical perspective it looks poised to break out to the upside. I think tomorrow's earnings report will give the bulls the ammo they need to push the stock back over $100.

A nice cup and handle formation on $MCD also gives additional credence to the impending rally in $MCD shares.

mcd123

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

More Posts by UPB: View All | Private Twitter Feed: Access Now! (For Diamond Members)

Leave a Reply