Shorting DIS doesn't last long, one thing I've learned is to never short the mouse! the Mickey cult is ridiculous. Good reversal today, bounce right off my .786 at 167.98. The only reason we went down yesterday was because the price downgrade but Bears premiums were crushed today. We could see another leg up to 188.50 by next week. Potential price upgrade tomorrow could help this momentum carry, on top of the great plans Disney has with marvel and Disney+. Great things in the future for Disney and once parks open up ill be super bullish.
My plan: 180C 12/24 (great OI and Vol)
Key levels:
Support: 169.29, under 165.36 i can see a bounce near 163,
Resistance 177.47
My plan: 180C 12/24 (great OI and Vol)
Key levels:
Support: 169.29, under 165.36 i can see a bounce near 163,
Resistance 177.47
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