Mcd trade plan

Feb 20, 2022

Nice head and shoulders pattern on mcd. the neckline is almost the same as the trend line so my entry is going to be the break of the trend line which is a little bit under the neckline. I'm going to get otm puts for April or may so there is enough time for mcd to hit our 3rd pt if it wants to go that far. my r/r is about 5-1 which is pretty good. my first pt has a r/r of 1.5-1 and the second pt has a r/r of 2.4-1. I still have to do the math and determine if contracts are over valued or undervalued since all this Ukraine stuff has messed with the price of options. Iv is at 27% which is a good sign and macd is also bearish.