Long Disney

Disney (DIS) is trading at it's major 8 year support level. This is the most obvious long trade I've seen in a very long time. This DIS 1 month chart is very simple. It has DIS historical angle of trajectory centerline with it's major 8 year support level. I will be legging into far dated DIS calls this summer.

Options data:

8/18 expiry
Put Volume Total 2,714
Call Volume Total 15,110
Put/Call Volume Ratio 0.18
Put Open Interest Total 51,314
Call Open Interest Total 79,790
Put/Call Open Interest Ratio 0.64

9/15 expiry
Put Volume Total 50
Call Volume Total 271
Put/Call Volume Ratio 0.18
Put Open Interest Total 85,111
Call Open Interest Total 95,719
Put/Call Open Interest Ratio 0.89

10/20 expiry
Put Volume Total 37
Call Volume Total 139
Put/Call Volume Ratio 0.27
Put Open Interest Total 44,551
Call Open Interest Total 52,948
Put/Call Open Interest Ratio 0.84

1/19/24 LEAPS
Put Volume Total 16
Call Volume Total 221
Put/Call Volume Ratio 0.07
Put Open Interest Total 138,175
Call Open Interest Total 237,288
Put/Call Open Interest Ratio 0.58

Note

This long setup on DIS under 90 reminds me of when I went long TSLA 102, NVDA 134, META 94, AAPL 134, CVNA 3.86 & AI 17. The time to go long DIS is while the price is down.

Note

DIS trying to breakout of it's 3 week resistance

Note

7/12 update: DIS breaks out post market

Note

DIS 10/20 expiry call idea

Options360

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