Wednesday, August 3, 2016

MCD -- Rolled out

The $0.03 limit order triggered on the existing call, so it was rolled out in order to keep the $120 strike price. Also, it goes ex-dividend on 8/30 for $0.89, so that should be just before the new option's expiration date.

Date Description AmountROIaROIProfit
2016-07-27Buy MCD @ $119.79-$119.79


2016-07-27Sell MCD 8/5 2016 $120 Call @ $0.95$0.95


2016-08-03Buy MCD 8/5 2016 $120 Call @ $0.03-$0.03


2016-08-03Sell MCD 9/2 2016 $120 Call @ $0.75$0.75


2016-09-02If assigned at expiration$120.001.57%15.48%$1.88
2016-08-03Current Price @ $117.26$117.26-0.72%-37.43%-$0.86
 

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