Walt Disney (DIS) stock is currently trading with a very low implied volatility rank, so options are cheap compared to the last 12 months. That means it's a good time to look at a breakout trade such as a long strangle. A long strangle is constructed through buying an out-of-the-money call and an out-of-the-money put.
Extract — continue reading at the source.
Related stories
Range Rover launches first fully electric model
Tim Cook to be paid $47mn as Apple’s executive chair
Will self-flying planes transform the skies?
Soft launches and late sittings - six ways to get cheaper meals out
Europe’s bond markets are suffering a post-holiday shock
Dow drops below a key chart level, warning of more trouble ahead