For Immediate Release
Chicago, IL – 06/01/2012 – Zacks highlights commentary from People and Picks Trader “RobMarketsBlind”.
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Latest Trade: Mickey Mouse Looks Good
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Acting on our own Below the Belt posting, RTMB wrote Puts on Disney (DIS) yesterday. When one writes put options, the premium is paid immediately, if the strike price is hit, the put owner can assign the stock for purchase to the put writer at the strike price.
The write put option is:
DIS JUL21 41, premium received is $59.00 per contract.
If Disney's share price drops to 41 or lower Jul 21, RTMB likely will be assigned to purchase the stock at that price. DIS is currently slightly above 45 per share.
The annualized yield for the above trade is 10.30%.
RTMB considers DIS to do well in the short term. Its currently movie, The Avengers, might be one of the top grossing movies of all time. Its next movie is Brave, a Pixar movie. All Pixar movies have been successful to date. Its TV and Parks businesses are doing quite well.
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