Trade of the Day: Disney (DIS)

December 20, 2016

At the beginning of December, shares of Walt Disney DIS – NYSE had just retaken the 200-day moving average and sharp paper had us asking if DIS was about to create some holiday magic?

Since then, Disney has been on a tear and continued rising today as “Rogue One: A Star Wars Story” blew away box office expectations.

With DIS now up 6.9%, just how much has the spread trade we tracked returned?

Bottarelli Research Translation: With an entire month left until expiration, the DIS January 100/105 bull call spreads originally bought for $0.92 each are now worth $3.77. That translates to unrealized gains of 310% or $2 million in dollar figures — not too shabby for a couple weeks.

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Source: Bottarelli Research