Disney (DIS) Offering Possible 51.06% Return Over the Next 28 Calendar Days

Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $106.00 short put and a strike $101.00 long put offers a potential 51.06% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $106.00 by expiration. The full premium credit of $1.69 would be kept by the premium seller. The risk of $3.31 would be incurred if the stock dropped below the $101.00 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 77.35 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Disney

Disney Close to Receiving US Antitrust Approval on Fox Merger
Thu, 21 Jun 2018 09:48:00 +0000
The Walt Disney Company ( DIS) has overtaken its bitter rival Comcast Corp. ( CMCSA) as the favorite to acquire many of Twenty-First Century Fox Inc.’s ( FOX) coveted media assets. On Wednesday, Fox announced on its website that it had entered into an agreement with Disney after the Burbank, California-based company sharply raised its offer to more than $71.3 billion. Disney’s latest bid is 36% higher than its initial offer of $52.4 billion and about $6 billion more than what Comcast previously bid for Fox’s assets.

[$$] Disney brings a revolver* to its Fox hunt
Thu, 21 Jun 2018 05:55:21 +0000
The bond market has its money on Disney winning a bidding war for 21st Century Fox. Just last week Comcast made a $65bn bid for Fox, after reading good things in the tea leaves of Judge Richard Leon's decision allowing AT&T to buy Time Warner. On Wednesday, Disney upped the stakes, raising its offer to $71bn — notably, this time around it offered as much as half of that in cash (i.e.

PRESS DIGEST -Wall Street Journal – June 21
Thu, 21 Jun 2018 05:24:54 +0000
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. – Walt Disney Co raised its offer to purchase most of 21st Century …

PRESS DIGEST- New York Times business news – June 21
Thu, 21 Jun 2018 04:39:41 +0000
The following are the top stories on the New York Times business pages. – Twenty-First Century Fox Inc said on Wednesday it had entered into an agreement with Walt Disney Co, adding that it considered the revamped offer, now valued at $71.3 billion, to be “superior to the proposal” made by Comcast Corp last week. – Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co said on Wednesday they had picked Atul Gawande, a Harvard surgeon, to lead their healthcare venture.

[$$] DD goes inside SoftBank and its $100bn fund
Thu, 21 Jun 2018 04:15:25 +0000
 — that we have rarely been afforded the chance to sit back and take a big picture look at all the company’s machinations. What we discover is a shape-shifting company led by Son, a self-proclaimed oracle who thinks his foresight makes him a better investor in technology than just about anyone else in the world.

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