I followed a few of his trades. They were extremely high risk, with any sudden move against him could have caused a large loss. In fact, the day before expiry, on one such trade, he was sitting on a precarious ( and losing ) overnight position that could have been a massive loss on open. He lucked out and the price rebounded on expiry day. Too much risk for too little return in my opinion.
Yepper....waiting until expiration day to close-out a trade is always hairy. Volatility can be crazy on the day-of.
Covered my positions with 3.2% loss in total (from start to close). The reason that my loss is low is that I was selling options to reduce the damage. This trade needed more patient that I had.
Ha.... I'm not into fast food...rarely eat maybe once or 3 times a year....however McDonald's will be around for the next 20+ years. MCD has been in trouble before and probably will have some setbacks along the way but for this entire franchise to disappear in 5 years is not happening.....4 more years from now and McDonald's will still be here.
yeah I guess the thinking is they will attract more millennials by being in the city, brave new world. Still waiting for them to split the hamburger/french fry business.
Sure it will be, in some sense MCD is also too big to fail, because it's simply not that easy for this monster to collapse.
Went to MCD twice recently, once at the airport waiting for my flight the other time at a local place. I was pleasantly surprised, the services were better, faster, the places clean and I ordered the all day breakfast which I liked better than their burgers. Seemed like a lot of folks did that too. They really don't have any significant competitions for the all day breakfast offerings, so, I think MCD will be around 4 years from now.