Walt Disney Company (The)
Short
Updated

DIS Swing/Reopen

125
On 3/8 DIS had a nice gap up as stimmy passed and they announced parks will open starting April. Had lots of bullish activity today and was able to catch it. I don't think it will stop as multiple far OTM sweeps came in for this week and next week's exp. Their shareholders' day is on 3/9 and hoping for more of an upward trend. I have swung some 210C 3/12 exps (entry was at 198.2) as it closed nicely in my target range of 201-202. The first target for 3/9 is 205, the second target is 208-209, and will TP on all if we hit 211 but will be trimming as I hit my targets. Chart invalidated below 197. Good luck!
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.