Trade Findings or Adjustments 02-07-2019
MY trade is post earnings trade on DIS
DIS had great earnings, currently bullish and lost $2.00 in after market gains due to the guidance Q&A session after their earnings
Really Like the $1.00 Credit for $2000 of risk
One reward = $1000 for $2000 of risk or 2 risks
So it is a 8 trading day 10 day total days in the trade
I would be fine exiting with a $500 to $700 profit on Friday or Monday morning
$112.03 is my break even point where at Expiration I would be flat minus commissions
To be safe I will probably place this trade after the first hour
Why? To allow the e-minis to clear out and to allow the market to accept a direction on both DIS and the indexes
Adjustment Expectation – After filled set a stop loss at $500 or $0.50 a contract
I also could take assignment as an adjustment strategy
Assignment of the short put would mean a 112K to fulfill the short put obligation
IF you are willing to take assignment you close the long put on Friday monthly expiration for any premium left in the position!!!!
A third adjustment would be to add an additional longer term long put
02-07-2019
Today DIS looks like this
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