April 22nd- Disney May 21st

May 21st $200 call, $1.43.

 

Disney is reporting earnings next month and has been very weak since their last report. It is trading around 182/3 and it’s set up to move higher as people buy back in. Disney is a classic re-opening play as many of their parks re-opened. In addition, Disney reported fantastic DisneyPlus numbers in the last quarter, which we expect to continue.