Selling our DIS call contracts.

Disney shares fell sharply this week after the company reported disappointing earnings.

Since the initial drop, the stock has rebounded quite a bit, in sympathy with a broad stock market rally.

I’m worried that Disney’s weak earnings report could continue to weigh on the stock.This rally gives us an attractive opportunity to exit our position with a smaller loss than if we had sold our calls immediately following the announcement.

By selling these call contracts, we’re protecting our capital and freeing up cash that can be used in situations that are working better in today’s market.

• Selling (to close) our DIS December 16th $95 Calls
• Limit $4.20 or more

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• Executed 13:54
• SOLD 12 DIS Dec 16th $95 Calls @ $4.25