FEATURED CONTENT

Bull or Bear Market… Doesn’t matter

Kyle Dennis’ new, 5 Min Strategy is poised to double Your Money Weekly!

Michael S. made 173% with Dollar Ace. So can you!

 

Today’s trade: Disney options as a ‘Star Wars’ play

Davis MartinDavis Martin ·

The idea: There aren’t that many sure money-makers out there, but Star Wars movies would seem to be one of them. After all these years, the movie series still gets more build-up for each new release than just about any other films out there, and Star Wars: The Last Jedi – set for release on Dec. 15 – is no exception.

The set-up: I have never traded Walt Disney Co. (DIS) shares or options before, but thinking that Star Wars has to be good for the stock, I took a look and found a solid fundamental play at a good entry point.

The play: I bought to open 8 Disney Jan. 19 options; while I don’t have a definite profit target in mind, I think this has the potential to gain 50 percent over time. A break below the 20-day simple moving average — which changes every day but which stood at $102.49 pre-market today — would be my stop-loss; that would be a decline of about 10 percent, but I’m already up more than 15 percent on this trade in the short time since I bought the options on Tuesday.

#-#-#

Davis Martin is the head trader at Dailyprofitmachine.com. He trades SPY calls and puts and swing trades individual stocks and stock options. At the time this article was published on RagingBull.com, he had 8 options contracts on DIS, but had no other shares or open orders. This is his first-ever trade in DIS.

You may also like

Exclusive System Tracks Wall St. Insiders

“Dollar Ace Simply Exposes Information That Wall Street Wants To Keep Quiet” Said Kyle Dennis
“One member, Wesley M., has already reported 360%+ gains in just a few short days. Don’t miss this!”
(Reserve Access Now)

“What Recession?!” Jason Bond nets $55,060 in realized profit in One Day

After going 6 for 6 on profitable trades recently, we caught up with Jason to ask how he did it.
Check out Jason’s exclusive interview revealing this tightly guarded strategy. (Watch Now)

RagingBull.com Co-Founder, Jeff Bishop, Launches High Conviction Trade Service

“We listen to our clients and we give them EXACTLY what they want, so we designed a service to deliver 1 trade, 1 time a week, with a 100%+ PROFIT TARGET, directly to your inbox every Monday before the market opens. (Read More)

Be a Better Stock Trader, Starting Today

Get the expert insights, tips and strategies you need to optimize your trading skills and profiles
START NOW