My old put on DIS expired out of the money so I wrote a new one.
music selection: “Up All Night” — Hinder
Disney is down about 5% today on disappointing news for the quarter. It is still a very strong company and I’m glad that it might stay in trading range a little longer. On Monday the 2nd, I sold DIS160610P00100000 for 1.35 a share. The trade will be in force for 40 days and yields 12.32% annualized. The trade enjoys 4.95% downside protection and remains out of the money even after today’s drop.
Are you excited by the ongoing prospects for MCU and Star Wars? I think those two properties outweigh the ESPN anchor.
Devour your prey raptors!
Written Put Disney (DIS)