McDonald's (MCD) had a nice earnings report Tuesday morning yet is seeing next to nothing from it. While the stock was up on the open, it has given away the gains and is now down.
This is an excellent opportunity to go long calls in MCD.
The June 21 $200 calls cost less than $3. MCD is going to be over $200 in short order and these calls will then be worth $5 a contract.
Trade: Buy to open 1 MCD June 21 $200 call for $3.00.
At the time of publication, Sebastian had no positions in any securities mentioned.