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Dripping into Consumer Discretionary

HAVING TROUBLE PRINTING?
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Last week I sent out an alert to sell half of the MCD December 52.5 Put allocation. The purpose of this alert is to provide a price target to sell the remaining contracts. At the minimum, the allocation is for 2 contracts. The target price is at the 8 day exponential moving average (EMA) of $56.86 (see chart below). If you are more conservative, you may wait until the price reaches $56.40 or the 21 day EMA. The current price of the option is about $1.10. The low of $51.15 from 11/21 remains the technical stop level.

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