Jeff Bishop of TopStockPicks.com likes Walt Disney Co. (DIS) as a longer-term trade — two to three months — because it is shaping up for a good end-of-the year run. He described the company as a bit oversold, but said that some of the hit was taking its content off of Netflix, a move which he thinks ultimately will be positive for the company as it starts to discuss how it will better monetize its unique content. Bishop plans to use November or December call options, thinking the stock could reach heights that would allow him to double his money.

Jeff Bishop is lead trader at TopStockPicks.com, running short-term trading strategies primarily using ETFs and stock options. At the time this interview was taped, he had not purchased call options in DIS, but was planning to. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

Author: RagingBull

RagingBull is the foremost trading education website where traders of all skill and experience levels can learn to trade or to become a better trader. Students can learn from experienced stock and options traders, and be alerted to the real money trades these traders make. Become a better trader with RagingBull.com's courses and programs.

Learn More

Leave your comment

Related Articles: