Patience pays off quite well…
Disney (DIS) has had one heck of a run off its lows…
After buying the stock at $108, and the January 115 calls at $4, we’re now looking at gains on both trades.
The stock last traded at $115.20. Sell.
The calls last traded at $4.75. Sell to close.
The stock is beginning to look a bit over-extended after this run. I’d rather not risk gains to a potential pullback.
We’re also showing gains on Amicus (FOLD). After buying the stock at $7.35, it’s now up to $8.52 intra-day. Consider selling just half of the stock. Hold the April 8 call option.
As for new trade ideas, Pandora (P) offers quite an opportunity after getting crushed on earnings. But as with most opportunities, patience is required. Pandora is massively oversold on MACD, MFI and RSI. Patience should pay off.
Consider buying the stock up to $14 and / or the Pandora (P) January 2016 12 call up to $2.30.