Stock / Symbol: Walt Disney Co / DIS
[private_monthly]
Current Option Strategy: diagonal call spread
Trade entry date: Jun 7
Price at trade entry: $39.82
Current Position:
Long 2 DIS Jan12 33 Calls
Short -2 DIS Nov11 34 Calls
at an effective cost basis of $3.56 per contract overall
& at a cost of $0.48 for this position
Reasoning: With our current position up over 200%, we're going to take profits here ahead of earnings. Overall, we're still down on the name and we'll look to re-enter a position in the next few days or weeks.
Trade Details:
STC 2 DIS Jan12 33 Calls
BTC -2 DIS Nov11 34 Calls
for a net credit of $1.52 per contract (day order, limit order)
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