TopOptionAlert
$DIS NOV20 113C · still actionable
Zone: $108.50 to $110.00
Invalidation: close under $106.58
Objectives: $111.87, then $117.09
The math: up 2.4% to the first objective and 7.2% to the second, against 2.4% risk on the invalidation, just under 3 to 1 to the second
Dear friend, think of this swing like a parade route that has already been walked once. Disney pushed to $112.69 last week, then eased back to hold above $109, and that quiet hold is what matters because buyers are not rushing for the exits. Earnings land on November 17, and a report like that gives the stock a reason to move, which is why owning time into November 20 makes sense here. If it reclaims the old high, the door to the yearly high at $117.09 opens next.
P.S. Expiry sits three days after earnings, so the report itself is inside this trade window.
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