MCD has been on a tear since COVID and rightfully so. With restaurants shutting down and consumers unable to go in to restaurants, the best alternative was fast-food. However, with states trying to get back to a semblance of normalcy, fast-food chains are losing that customers to sit down restaurants (MCD included). MCD has reached a favorable target for me to short it and there is a gap to the downside at $250 that still needs to be filled. Any puts ITM or slightly out of for the next few weeks are favorable; I would even short earnings up here.
Not financial advice
Not financial advice
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.