Brian Stutland's The Walt Disney Company (DIS) Trade

On CNBC's Options Action, Brian Stutland said that he is interested in a long position in The Walt Disney Company

. He thinks that the best way to do that is by selling put options. Brian Stutland explained that Disney (

) has been range bound, and he wants to trade that range and pick entry and exit points. Specifically, he wants to sell the October 32 put for $1.20. The break even in this trade is at $30.80, and if Disney (

) drops below this price he will have to buy this stock. The Walt Disney Company (

) fell 0.06% on Friday, and closed at $33.69.