Tuesday, September 6, 2016

MCD -- Rolled down and out

The $0.03 limit order to buy back of the previous call was actually triggered a few weeks ago. I've been waiting for some price recovery before selling a new call. After it had recovered a little, I put in a limit order to sell a the "MCD 10/7 2016 $117 Call" for $2.49, when the current price had been about $1.25.

The run-up in MCD this morning triggered that limit order. In fact, the opening price was my limit price. :)

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


2016-08-30Div MCD @ $0.89$0.89


2016-08-19Buy MCD 9/2 2016 $120 Call @ $0.03-$0.03


2016-09-06Sell MCD 10/7 2016 $117 Call @ $2.49$2.49


2016-10-07If assigned at expiration$117.001.86%9.44%$2.23
2016-09-06Current Price$117.001.86%16.57%$2.23
 

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