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DIS

Disney Long PositionWith the recent release of the Last Jedi plus the "Incredibles 2" movie coming in June of next year, I could expect some positive returns between now and then for a long term holding position until mid June. This is low to medium risk, and amid the market acceptance of their movies and continued "hotel" growth. However, with recent box offices and the acceptance of another half a billion dollar box office within a year, it is likely a continued growth of at least 4 to 5% current market prices.
NYSE:DISLong
by gamer456148
THE WEEK AHEAD: DIS, M, NVDA, VIX, GLDWith VIX continuing to rattle around at sub-11 levels (it finished Friday's session at 10.03), the place to sell premium remains in earnings, although even there the pickings are slim, as broad market low volatility bleeds through the entire market. The decently liquid underlyings on tap for earnings next week: DIS, M, and NVDA, with DIS announcing Tuesday after market close, M on Thursday before market open, and NVDA, Thursday after market close. From a pure metrics standpoint, only NVDA is offering the kind of metrics I look for in these plays (>70 implied volatility rank/>50% implied volatility). I'll price out setups, both undefined and defined, as earnings get closer, as price is likely to jostle around between now and then. With respect to sector and/or broad index exchange traded funds (where I look for >70 implied volatility rank/>35% implied volatility) in which to sell premium, there are a paucity of high implied volatility rank/high implied volatility plays to be had (what's new?), with XOP coming in at the top of the list with a rank of 35 and a background of 31, QQQ -- at 31/15. My general test for those (aside from the rank/background implied volatility metrics) is seeing whether a 45 DTE 20-delta three-wide iron condor will pay one-third the width of the widest wing (i.e., 1.00). They won't here, so putting on one of those plays is likely to be less than productive, since the limited volatility in these instruments doesn't have much to contract to. Flipping the implied volatility screen to look for extremely low volatility underlyings where low volatility strategies (diagonals and calendars) might bear more fruit yields a fairly abundant list of underlyings, with TLT coming in at 10.3, DIA at 11.10, GLD at 11.15, and SPY at 11.17. I'm in a TLT long-dated put diagonal, so may consider putting something on in the DIAmonds or GLD (e.g., a Sept 15th/Dec 15th 118 put calendar; 1.51 db at the mid; theta .57; delta -7.54; back month at 40 delta; front at same strike as back).
NYSE:DIS
by NaughtyPines
Disney's 20DMA Magic Carpet Ride Over?Disney has been riding the magic middle bollinger band (20 DMA) carpet ride since 10/21/2016. Today we closed below it. Every time there has been a close below it the next day has been positive. However, we are at the top of a long-term channel and based on the weekly indicators, the stock has been overbought for some time now (see below) I think the next few days will tell us if the stock is going to continue falling back to the bottom of the channel or if it will push through (channel looks awfully like a bullish flag, so this could just be consolidation).
NYSE:DIS
by myfye13
DISNEY (DIS) IS NEARING MAKE OR BREAK POINTOn March 28, 2017 the Disney (DIS) 200 day moving average (MA) crossed above the 250 day MA. Historically this has occurred 27 times. When this happens, the stock does not always continue to rise. It has a median gain of 2.679% and maximum gain of 13.312% over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 65.999. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly looking for direction but trending upward. Per the RSI, DIS has retreated from the overbought level and is moving up. The true strength index (TSI) is currently 22.1845. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is looking for direction, but has recently began to move up. The positive vortex indicator (VI) is currently 1.0578. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward, but is stagnating. Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current technical wedge pattern, the stock could gain at least another 1.50% over the next two weeks. Today the stock hit its 52 week high. The question is what will be the next resistance level? The stock has been in an incredibly narrow upward trend channel since January of 2017. DIS could quickly hit the top of wedge and significantly reverse downward. Another resistance level could be 114.75 (which is the 1.50% gain from today's close) which was hit multiple times from October – December of 2015 and is attainable in its current narrow trend channel. Another level could be 120.65, last achieved November 23, 2015, or the stock could test its all-time high of 122.08 from August 4, 2015.
NYSE:DISLong
by StockSignaler