$McDonald's(MCD)$ 1️⃣ Why am I making this trade now?
Have rolled down my cash secured put from initial strike of $250 to $247.5. Took the early assignment as intrinsic value of the option has ran out due to the closing dump in share price.
2️⃣ What’s my plan from here?
Will be selling the shares tonight and sell a new deep in the money put to free up the capital while bidding time for the share price to recover. Prefer this strategy rather than selling covered calls as this is more capital efficient. At the same time will take opportunity to add some mcd shares as well since price is way oversold.
| Side | Price | Filled | Realized P&L |
|---|
| Buy Open | 247.50 100 | -4.38% Holding |
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