Free Trade of the Day

Notes: Walt Disney (DIS) is set to announce Q3 earnings on Tuesday, August 6th.

Walt Disney (DIS) Options Trade Idea

Buy the (DIS) Aug. $65/$67.50 Call Spread for a $0.98 debit or better

(Buying the Aug. $65 Call and selling the Aug. $67.50 Call, all in one trade)

Stop loss- None

Upside target- $2.50

Updates: Bank of America (BAC) shares pulled back 0.67%, but remained above the intermediate term support level. Shares of Yum! Brands (YUM) rose 2.64% on Friday, so if you’re still long consider locking in profits on Monday. Buying/holding upside breakouts in (YUM) has typically not worked in the past.

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