Disney's most recent trend suggests a bearish bias. One trading opportunity on Disney is a Bear Call Spread using a strike $192.50 short call and a strike $197.50 long call offers a potential 30.21% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $192.50 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $3.84 would be incurred if the stock rose above the $197.50 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Disney is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Disney is bullish.
The RSI indicator is at 52.72 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Disney
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Sun, 07 Mar 2021 17:25:30 +0000
The Disneyland theme park could reopen as early as April 1 as new rules from California health officials in response to the ongoing coronavirus pandemic take effect and infections in the area around the park drop. Combined with other park closures around the world, Disney saw a massive shift in the mix of its revenue in 2020 as it launched its video streaming service. Disney has said it planned lay off 32,000 workers, primarily working in its Parks and Resorts division, due to the pandemic.
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