Selling the call options we bought on Disney last week, for a 25% profit, and moving back into the stock, since I will be away from the computer tomorrow, and next week. Oh well, Disney ($DIS) still gives a decent dividend anyway to hold the stock, 1.23% (below).
The options we owned in DIS (Nov 20’s, $110 strike price) are starting to gain some nice traction (click here), as the stock of DIS has now climbed from $100 to $107 in a relatively short amount of time, thus making the $110 call options pick up more in volatility/price (subscribe for portfolio access).
Still sticking by my $110 call on Disney (DIS) as “The Good Dinosaur” should draw large audiences (Rotten Tomatoes gave it a 97% approval), and Disney’s own “ESPN” network, who is currently showing the MLB playoffs, continues to excite viewers (the Astros vs. Yankees wild card game got the highest ratings ever on ESPN);
We have also been buying into the downturn in biotech, as $LABU hit the all-important 62% retracement mark recently, and those shares are up nicely today (subscribe for portfolio access). Stay tuned for updates.