Sell to close the April 18, 2019 put on Restaurant Brands International (NYSE: QSR) with a strike price of $50.00 at $3.20 or higher. Symbol (QSR190418P50)

These burger puts all worked out quite well. They were up as much as 90% earlier today but should generate a 68% gain if sold at $3.20. The QSR puts are now trading about $3.50 but the market is up on light volume.

I expect that some of you are away from your trading desks today, so don’t panic if you cannot execute the trade immediately.

Don’t chase the price as these puts have several months until expiration (April) and I expect fundamentally poor news from this company and its peers before that time.

As always, let me know how this trade worked out for you by either posting on this page or taking this brief survey.