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DIS

DIS - Upward channel or Rising wedge breakdown short from $108.5DIS was going higher within an upward channel or rising wedge formation. It seems broken down the pattern, retested the broken support and getting ready to rollover. It would be a good short, If it breaks below 50 day MA, and for trade we would consider $110 May-17 Puts * Trade Criteria * Date First Found- February 23, 2017 Pattern/Why- Upward channel or Rising wedge breakdown Entry Target Criteria- Break of $108.50 and MA-50 Option - $110 May-17 Puts Exit Target Criteria- $104.13 & lower Stop Loss Criteria- $111.07 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:DISShort
by AcornWealthCorp
0-Cost Options Strategy ahead of earningsSOUND BUT UNEXCITING FUNDAMENTALS Consensus is favorable on aggregate: Buy recommendation, +12.75% target upside. Numbers are compelling (5-yr rev growth +6.63% and ROE +20.35%) but growth has been slipping, esp. in TV. Valuation is un-demanding at a P/E of 17x (now less expensive than the market?) TECHNICALLY ON A DOWNTREND BUT COULD BE REBOUNDING DIS has been on a downtrend since the double-top of Aug/Nov 2015. The long-term (M chart) is still clearly negative. The medium-term (W) shows a series of negative cross-overs and a H&S formation. But lately the stock has been rebounding with the market and the short-term picture (D) is turning positive. A close above the 97.00 (MA200) would confirm the positive turnaround. A close below 90.00 would confirm the negative trend and potentially take us towards the H&S target of 84.00. EARNINGS AND GUIDANCE WILL BE A KEY CATALYST What could propel the stock higher are the earnings and guidance from DIS. STRATEGY: 0-COST EXPOSURE TO UPSIDE IN CASE OF BREAKOUT Buy Nov 18 2016 $98 call to play the breakout = $0.34/share Sell Nov 18 2016 $90 put to finance the synthetic long = $0.33/share Best-case scenario: Stock breaks out ==> Make $ on the call or convert Worst-case scenario: Stock tanks ==> Go long a quality long term holding close to the 52w low.
NYSE:DIS
by HAL9000
DIS EARNINGS PLAYSDIS announces earnings today after market hours, so look to put on any setup before New York close. Here are the two "classic" setups: Feb 19th 82.5/100 short strangle Probability of Profit %: 74% Max Profit: $127/contract Buying Power Effect: Undefined Feb 19 77.5/82.5/100/105 iron condor Probability of Profit %: 72% Max Profit: $86/contract Buying Power Effect: $414 Notes: You can naturally play with the width of the iron condor wings to increase/decrease buying power effect and/or max profit potential. As always, look to take the setup off at 50% max profit post-earnings or a side at or near max. In the event a side is tested, look to roll the tested side out for duration to a later expiry and then sell an oppositional side against the rolled side for a credit that exceeds the debit paid for any roll and look to exit the rolled out setup for scratch (total debits paid minus total credits paid = 0) and to redeploy your buying power elsewhere. They are, after all, meant to be quick and dirty plays ... .
NYSE:DIS
by NaughtyPines