Trade of the Week: DIS

Trade of the Week

It’s earnings season, so there’s been plenty of options action in single stock names. Recently, a strategist purchased what appears to be a very bullish call spread in Disney (DIS). The call spread – buying one call and selling another at a higher price in the same expiration period – doesn’t expire until right after earnings. The position could make a substantial amount of profit if DIS shares climb by as much as $25 after their earnings are released.