Buying DIS call contracts.
The market has continued to hold up well today which increases the odds we will get a tradeable bear market rally.
We’re taking a position in Disney Co. (DIS) to increase our bullish exposure.
Our Speculative Trading Model still holds a significant amount of cash – along with some bearish positions to help offset our risk.
So our positioning is still relatively balanced.
But with the overall market oversold, I want us to have some additional exposure that can profit from a rebound.
Our in-the-money DIS call contracts will allow us to participate if the stock continues higher.
And using November call contracts helps to manage risk as these contracts will keep some of their time premium even if DIS pulls back.
- Buy (to open) 7 DIS November 18th $90 Calls
- Limit $12.90 or less
- The new position will represent roughly 8.4% of our Spec Model capital
- Executed 15:22
- BOT 7 DIS Nov 18th $90 Calls @ $12.40