Date: 8/29/2020

Company: Disney Walt Co

Symbol: DIS

Summary:

• Earnings Date: Currently set for 11/05
• Options Play: DIS 11/20 $145 CALL
• Entry: < $5.25

Suggested Strategy:

Open 2 positions between 8/31 - 9/1.  If there is a market pullback between 8/31 and 11/05 you may add up to 2 additional positions at < $4.00.  Exit half of the positions starting at $10 to eliminate risk 100%.  Keep remaining positions through earnings.

Order Details

• Action: Buy to Open
• Symbol: DIS
• Quantity: 2 contracts initially, add 2 additional contracts on any market pullback
• Expiration: Nov 20
• Strike: 145
• Type: CALL
• Limit price: < $5.25

Stock Target Price: $155 - $160

Total cost of trade: ~$1,050 - 1,800