DIS is now a few days above its upper Bollinger Band (not shown), and it has spent plenty of energy running into previous resistance back from earlier this year. Odds are it heads sideways or retraces, which makes this a great candidate for bear call spreads.
|IWO Premium Order Ticket|
|STO||DIS||17 Feb 17||110||Call|
|BTO||DIS||17 Feb 17||115||Call|
ADD to the trade at 1.20
CLOSE the trade at 0.40 or lower.