THIS Looks Really Bad to Me…

THIS Looks Really Bad to Me…

Posted On November 21, 2022 2:35 pm

Dear Reader,

If you have been reading these emails for any length of time, you know that I rarely get into the nuts and bolts of an individual company.

I do share more with my students, so if you like this kind of information you can try out Options360 for just $19 right now.

Today, I need to chime in on Disney’s surprise move over the weekend…

They ousted Bob Chapek, who was the CEO of the company since February of 2020. Then, in an even more bizarre move, they replaced him with the former CEO Bob Iger.

Chapek replaced Iger in 2020 as CEO, and Iger stayed on as Chairman until he retired less than a year ago.

It’s clear that Iger wants to retire, but now he’s back in the driver’s seat for at least two more years, and I can only imagine the deal they made him to come back!

Disney stock popped today on the news, with a 5% jump on the day as of this writing (it is off the highs for the day, so that supports my thesis)…

However, this is what I wrote to Options360 members this morning:

DIS is up some 8% to around $100 on news Bob Iger is coming back.

Call me simple minded, but I’m not sure how ousting the current CEO Chapek on a Sunday night less than a year after he took the reins and is returning to Iger, who seemed pretty clear about his desire to retire, is good news.

Smells more like a company in turmoil. Not sure what he can accomplish before they need to start looking for a new CEO again.

Let’s sell a call spread on the notion there is limited upside in the near term.

To be fair to my students, and for liability reasons, I can’t share the actual trade with you…

However, you might be able to still get in on it by clicking here and claiming your trial subscription to Options360.

It’ll be some of the best money you’ve ever spent… mostly cause you’ll be learning how to make it back!

To Your Success,


P.S. Even if you miss this one, don’t miss the next profit producing trade. We are up almost 30% YTD – winners and losers included!

At the same time our benchmark, the S&P 500, is down almost 18%.

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About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.