$DIS - DISNEY - LONG SETUP USING CALLS - #tradingsignals

METHOD: Long DISNEY {price at entry 147.59} via:
+2 DIS 20 DEC 19 144 CALL @3.80 ; Trading with 0.21 of extrinsic value, well in the money.

STRATEGIES: Using DIS day chart:
  • The 20/50 Mean green cloud contracts, and we can look for a new expanding cloud to form for a long.
  • The Fisher Transform bounce signal appearing somewhat near the mean (after the reversion on the earnings bump).

TACTICS: The plan in terms of stock price:
  • STOP is price < 144
  • TGT1 153 scale; TGT2 157 to exit
  • Trail option price to Break Even once stock price > 150; OR consider scaling as green cloud becomes large
  • We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose.

  • Not always do mean reversions get back to the mean in view.
  • Depending on figuring, it could have touched some mean perfectly, but it isn't important.
  • We look for the signals near the mean as we consider the mean elastic or one of many possible means.

Will update in comments,
Operación activa: Filled.
Comentario: Price is not continuing up today. Moved stop to the low of the day which is price = 146.50. Cutting any more losses from the week.
Comentario: Hung in there. Still holding and dumping on first sign of weakness Monday.
Operación activa: Have to roll or bail this week. I sold ATM calls against these held ITM calls. This lowers my break even for the week to the current price... so from here at this losing point, it is actually a profit on decay if price goes sideways. If price looks to continue upward this week at any time, I will roll the spread.
Operación cerrada manualmente: Star Wars movie gets some pretty tough reviews. Rated second worst in the series just in front of the Jar-Jar debacle. -- I have chosen not to roll this sideways trade. Exiting for the current position PL which is -$75 loss; it expires tomorrow anyway with no real upside for me to hold.
B3@SCRIPTaCHART.com ~ Email
http://www.virtuosotrader.com ~ Personal Blog (no ads)
http://www.SCRIPTaCHART.com ~ Custom Script Work


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