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Wednesday, August 10, 2016

Disney (DIS) Earnings Play

Tue. 8/9/2016 (12:58:51 pm, PT)

sold -1 Aug 12, 2016  $96 put at $1.37

Comments:
  • This was an "earnings play"
  • I don't mind owning DIS stock, so my short put was almost at-the-money


Wed. 8/10/2016 (10:47:11 am, PT)

bought back put at $0.05

PROFIT:  $132 (in ONE DAY!)

SUCCESS!