Speaking of good things to sell, the DIS 2016 $65 puts can be sold for $5.20 for a net $59.80 entry (22.8% off current $77.50). Let's put 5 in the Income Portfolio and, if DIS falls further (200 dma is $70), I'd be thrilled to DD and add a bull call spread.
Frozen continues to run up astounding numbers in Asia as it plays strong to local audiences.
The film generated sales of over $77M in Korea and has passed the $90M level in Japan with a dubbed Japanese 3D version of the film yet to be released.
What to watch: The carry-over impact for Disney (DIS +0.5%) of the movie's popularity in Asia could help support strong demand for Frozen-related consumer products.
April 14th, 2014 at 11:11 am