I opened $MCD CUSTOM 240621 CALL 285.0/CALL 265.0$  ,In the monthly chart, it was noted that every time the price touches 20 moving averages, the price will move up. Similarly, in the weekly chart, the price seems to also move up when it is near 150 moving average. I have also noted the stochastic is approaching oversold region, which may suggest the price is due for moving up. I think MCD is undervalue, therefore, I decided to enter this trade in view that the price to go up in the coming weeks.
MCD Vertical
04-10 22:49
US265.0/285.0
SidePriceRealized P&L
Debit
Open
7.81--
Holding
MCD CUSTOM 240621 CALL 285.0/CALL 265.0
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  • zookie
    ·04-11
    TOP

    so should I gonna using my burger money for the next month to sell puts

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    • AyKing
      Hahaha, not a bad idea. If success in sell put, can use the premium to eat happy meals!
      04-11
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  • poppii
    ·04-11
    TOP
    Entering a long position here seems reasonable given the potential upside.
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    • AyKing
      See how it goes. I’m sure everyone here ate MCD meals at least onces in their life. Haha.
      04-11
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  • what is your target price on MCD

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    • AyKing
      My target price at $280.
      04-11
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  • JackPowell
    ·04-11
    Wah, very nice one lah!
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