Trade Ideas
UOA PRO New Trade Idea DIS 8-17
11,000 16October 100 puts bought in mostly one order for 1.69 to 1.78 above open interest of 2,849 contracts. EPS *estimated* 11/12. Stock 104.87-104.98.
New Trade Idea
Ticker: DIS
Stock: 104.84
Trigger: 103.91
Expiration Date: 28AUG
UOA: 11,000 16October 100 puts bought in mostly one order for 1.69 to 1.78 above open interest of 2,849 contracts. EPS *estimated* 11/12. Stock 104.87-104.98.
DIS $104.25 Last.
Large Oct. OTM put buy. Stock had jammed on and post EPS but as we discussed earlier today in webinars, yellow and orange flags went up for us this morning re: this market. We were DEFCON 4 coming into the week to begin with but the early rally faded very quickly and thus bears are needed. This could be a name that fails to hold the 200 and reverses back further.
Trigger: $103.91.
Strategy 1: Consider the DIS 28Aug. 105.00 puts for $2.20 projected at trigger level today. Starter Kit to keep $ risk down.
Targets: 102.24 (150 SMA currently), 101.89 (15 SMA currently), 100.64 (100 SMA currently), 100.37 (20 SMA currently)