DIS The Walt Disney Company Options Ahead of Earnings

If you haven`t bought the dip on DIS:

Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 112usd strike price Puts with
an expiration date of 2024-5-10,
for a premium of approximately $2.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

DIS traded at $105.79 at expiration, and the Puts went up from $2.82 (when I wrote this article) to $6.21 at the close, for a decent 2.2X gain!