Disney (DIS) Offering Possible 31.58% Return Over the Next 9 Calendar Days

Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $150.00 short put and a strike $145.00 long put offers a potential 31.58% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $145.00 long put 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 66.94 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Disney

All Eyes On Disney As Hollywood Reels From Warner Bros. Shocker
Mon, 07 Dec 2020 21:06:17 +0000
Investors are eager to hear Disney's latest streaming plans in an investor day on Thursday, as the media industry grapples with seismic shifts.

AT&T Stock Could Rise 17% on Warner’s Plan for HBO Max Film Releases, Citi Says
Mon, 07 Dec 2020 19:41:00 +0000
WarnerMedia’s decision to stream all of its 17 movies next year on HBO Max at the same time they are released to theaters will boost subscriber numbers, Citigroup says.

Here's How Walt Disney Stock Rose 22% Last Month
Mon, 07 Dec 2020 18:41:00 +0000
The House of Mouse went down hard when COVID-19 shuttered movie theaters and theme parks in the spring. The stock's rebound on positive coronavirus news is equally impressive.

Analyst Predicts How Disney May Respond To Time Warner's Direct-To-Streaming 2021 Movie Schedule
Mon, 07 Dec 2020 17:42:50 +0000
WarnerMedia may have caught investors off guard last week when it said its entire movie slate for 2021 will go straight to both streaming and movie theaters. BofA Securities analysts say this could benefit other studios.The Thesis: WarnerMedia, the media and entertainment unit of AT&T Inc. (NYSE: T), is unlikely to be the first company to forego a traditional theatrical launch, BofA's Jessica Reif Ehrlich wrote in a note. But as the first one to do so, WarnerMedia's decision will have “significant implications” for studios, theaters, streaming video providers, and networks in 2021 and beyond.Related Link: Warner Bros. Just Dealt Movie Theaters Another Huge BlowWalt Disney Co (NYSE: DIS) was singled out as being more likely to embrace a hybrid theater and streaming release model. Disney could potentially release mid-budget films directly to its streaming platform Disney+ while large budget content like Marvel will go straight to the theaters.WarnerMedia's move could prove to be advantageous for Disney in 2021 by default of less competition at the big screen, according to Reif Ehrlich. There is also likely large pent-up demand to return to the theaters, especially for more “experiential” companies like Imax Corp (NYSE: IMAX).In addition, WarnerMedia could face a backlash including potential lawsuits from movie theater chains along with reduced international and U.S. distribution splits.Bottom line, Reif Ehrlich said the movie industry is not a “one size fits all” marketplace, and different content makers will implement different models.Price Action: Shares of Disney were trading lower by 0.4% at $153.53. Movie theater stocks AMC (NYSE: AMC) and Cinemark (CNK) closed down about 20% last Thursday following the news from WarnerMedia.Latest Ratings for DIS DateFirmActionFromTo Dec 2020CitigroupMaintainsBuy Dec 2020UBSMaintainsNeutral Nov 2020RBC CapitalUpgradesSector PerformOutperform View More Analyst Ratings for DIS View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Disney Says It Will Lay Off About 32,000 Employees In 2021(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Could Netflix Be a Millionaire Maker Stock?
Mon, 07 Dec 2020 15:43:00 +0000
Everybody's watching the leading premium streaming service right now, but investors need to look at the chess pieces that are still in the game.

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