I recently mentioned this idea some time ago in the X / Twitter stream, I’ve been looking at DIS for a possible short.
Disney had a nice structural shelf there up at around $90.00. I noticed yesterday it had begun to slide lower but was out running errands, and could only take another look at it this morning …
This morning, I went ahead and pulled the trigger selling a distant call spread, by selling Sold 1 DIS Jan 26 95 / 100 16 DTE Call Spread for 0.17. IVR was 57.8 at the time, with a VIX was 12.73 and a PoT of 24%. With 0.12 Deltas and an Expected Range of $92.00? The PoP on this is something like 90% with the 16 days we have left until expiration …
So let’s review the pile of high probability trades this month …
* We have 58 $1,000 4 Week U.S. Treasury Bills purchased
* 1 SPY 496 / 500 Call Spread: Δ’s were 0.11 with an expected Range at the time of $488.50, the PoP is currently 93% and 21 DTE
* 1 UBER 67 / 71 Call Spread: Δ’s were 0.13 with an expected Range at the time of $64.50, the PoP is currently 90% and 16 DTE
* 1 PLTR 13.50 Naked Put: Δ’s were 0.11 with an expected Range at the time of $14.50, the PoP is currently 96% and 23 DTE
* 1 DIS 95 / 100 Call Spread: Δ’s were 0.12 with an expected Range at the time of $92.00, the PoP is currently 960% and 16 DTE
And that’s in addition to our longer term holds, and collecting the dividends from each as they are paid …
* 1 Share of COST at $506.90
* 4 Shares of DEO at $152.06
* 30 shares of PCY at $18.72
* 13 shares of SPHD at $42.31
* 13 shares of KR at $45.92
* 6 shares of SPHD at $91.17
* 3 shares of UNP at $206.73
* 9 shares of XLU at $62.22
* 13 shares of WFC at $41.82
* 15 shares of NTSX at $35.67
We’ll just continue to move it forward. I actually have my eye on Oil for a possible play. But at this point, I’m just stalking it …
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