Relative Strength in Disney

$DIS

Ugly day for the indices, but not the mouse. The stock closed above it’s AVWAP from the earnings spike on a down market day. Some areas of interest to the upside are noted below. I’m playing this name by selling spreads, which is a more familiar tactic for me personally, and provides cushion and flexibility. With DIS 0.00%↑ , I like spreads that protect against a gap fill, as well as a buoy on the 200 day.

Here’s a relative chart for the alpha seekers.