If you haven’t sold based on the Head and Shoulders bearish chart pattern on DIS:
Now analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week, I would consider purchasing the 100usd strike price Calls with an expiration date of 2024-12-20, for a premium of approximately $4.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
DIS traded at $115.19 on friday, after earnings, and the Calls went up from $4.10 (when I wrote this article) to $15.75 at the close of the day, for a fantastic 3.84X gain!
Congrats to those who bought the calls!
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