The stock just had a huge run but is pulling back today and sitting right above strong support at $140.00.
Today's pullback is probably fueled to a certain extent by the NFLX debacle. Nothing has changed for DIS and we expect another push higher as it rolls towards the launch of it's streaming service.
NFLX is now exposed and it's role as the dominant streamer is in legitimate jeopardy. We think for the next few weeks DIS sees a strong move higher while NFLX languishes.
We bought the 11/15/2019 $160 Calls around $1.70
Today's pullback is probably fueled to a certain extent by the NFLX debacle. Nothing has changed for DIS and we expect another push higher as it rolls towards the launch of it's streaming service.
NFLX is now exposed and it's role as the dominant streamer is in legitimate jeopardy. We think for the next few weeks DIS sees a strong move higher while NFLX languishes.
We bought the 11/15/2019 $160 Calls around $1.70