The decline in Disney stock is continuing today. The collapse of the stock started back on November 27 when it was revealed that Disney had lost 3 million subscribers to ESPN.
Investors took the news poorly and sentiment about the stock has changed.
Disney Stock Drop Now 10.7%
The collapse of Disney stock since the most recent high of $120.65 on Nov 23 is at 10.7% today, Dec 11 2015. You can readily see the decline in the stock in the one month Disney Stock chart below. With the break of the $110 support level, the stock can easily fall to soft support at $105 and then better support at $100.
Disney Drop to Dec 11 2015
With the overall stock market direction presently lower, it is accelerating the decline in Disney Stock.
Credit Put Spreads
These kinds of declines I believe, are easily handled through small lots of credit put spreads which can be highly profitable while risking only small amounts of capital.
The rest of this trade alert is for FullyInformed Members. Disney trades on New York under the symbol DIS
Disney Stock – Trade Alert – Dec 11 2015
This is the latest trade in Disney Stock. FullyInformed Members can access this article directly through this link or sign in to the full members site here. Non-members can join here or read about the benefits of a membership.
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