Our Walt Disney Company (DIS) Aug Week One (8/5) 100 Call is in the money and our shares are on track to be called away.
The company is scheduled to report earnings next week. Other streaming companies — notably Netflix (NFLX) and Roku (ROKU) — have missed expectations. Therefore, we will wait until after the announcement to sell a put to reduce our net debit on the position.
Current Stock Price: $107.53
Cost Basis: $117.36
Action: Allow shares to be called away
Net Debit: $17.36