Novice Trade: Disney

Disney (DIS) had good earnings, but is down on the news that it wants to work on its own streaming service. I think the move today, down almost 5%, is a huge overreaction. This news is much worse for Netflix (NFLX) than for Disney. Disney has a ton of content, and content is key.

I think over the next few weeks this selloff will be bought. I can go out and buy an October $105 call for about $1.67. That's a cheap call given the move that happened today; I do not need much of a bounce to be extremely happy on these calls....8 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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