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)

Never miss another opportunity to devour prey!

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