Dan Nathan's Disney Options Trade

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Dan Nathan spoke on CNBC's "Options Action" about an options strategy in Walt Disney Co DIS ahead of earnings.

The company is going to report earnings Tuesday and Nathan wants to sell the May 105 call for 80 cents and buy the September 100 call for $5.80. The trading structure would cost him $5 and it breaks even at $105 or 3.81 percent above the current stock price.

The options market is implying a move of 3.5 percent on the earnings event and the stock has moved 2.5 percent on average on the event.

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Posted In: OptionsMarketsMediaDan NathanOptions Action
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