Trade of the Day: Disney (DIS)
At the beginning of December, shares of Walt Disney DIS â€“ 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 â€śRogue One: A Star Wars Storyâ€ť 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 â€” not too shabby for a couple weeks.
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Source: Bottarelli Research