Trade Findings and Adjustments 08-10-2023
Let’s talk DIS and what to do after earnings when you have “put protection on”
What you are up against !!!
Institutional Traders, Volatility, Program/Algorithm Trading
How do we get back some or all of what we paid for protection?
86 strike long puts that cost $3.15
50 SMA sits at $88.87
200 SMA sits at $95.76
Our technical charting shows an $8 most likely move higher
What is our adjustment for the long puts ?
My thoughts are at the end of the day, to allow DIS to prove their earnings
I want to create a bull put strategy = Long put $86 Short 88 or 89
Short put = is the obligation to buy the stock at a certain price for a certain period of time. Credit