Disney (DIS) Offering Possible 16.03% Return Over the Next 9 Calendar Days

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Disney’s most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $152.50 short put and a strike $147.00 long put offers a potential 16.03% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $152.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock dropped below the $147.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Disney is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Disney is bullish.

The RSI indicator is at 75.16 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Disney

Walt Disney (DIS) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Walt Disney (DIS) closed at $156.60, marking a -0.78% move from the previous day.

IMAX CEO: Streaming exclusives ‘became some of the most pirated movies ever’
Mon, 10 Jan 2022 21:16:33 +0000
IMAX CEO Richard Gelfond joins Yahoo Finance Live to discuss 2021 box office earnings, film trends, theater releases, and streaming partnerships.

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Disney Stock: CEO Bob Chapek Shares His Plans for the Mouse House
Mon, 10 Jan 2022 17:19:00 +0000
With Bob Iger retiring, the new Disney CEO no longer has to live under his former boss’s shadow.

Buy the Dip: Nvidia, Disney, Amazon
Mon, 10 Jan 2022 16:59:00 +0000
With the rough start to 2022, Wall Street looks to some familiar names for opportunities to buy the dip.

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