Put Options on DIS on 1/27/2020

The Walt Disney Company (DIS) operates as an entertainment company worldwide.

The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

This segment is also involved in the television production and distribution; and operation of National Geographic magazines. Its Parks, Experiences and Products segment operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney; and Aulani, a Disney resort and spa in Hawaii, as well as licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort in Japan.

The company's Studio Entertainment segment produces and distributes motion pictures under the Walt Disney Pictures, Twentieth Century Fox, Marvel, Lucasfilm, Pixar, Fox Searchlight Pictures, and Blue Sky Studios banners; develops, produces, and licenses live entertainment events; produces and distributes music; and provides post-production services, including visual and audio effects. Shares have fallen below a support line. The flu epidemic in China should hurt this stock.

We will be trading February 14th

Last Trade: $140

Trading Range: $107.32 to $153.41

Trade Buy 1 February $140.00 Put at $3.00 For a net debit of $3.00 Profit/Loss Analysis Breakeven at $137.00 Maximum profit is unbounded Maximum loss is ($300.00) at strike of $140.00 Closing Summary Sold 1 February $140.00 Put at $0.80

Position closed on 2/14/2020 at price of $0.80 with a -73.33% loss in 18 days.

Updates

2/14/2020 12:32:25 PM

DIS $140 Put sold for 80 cents

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