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Late To The Party Option Players - Disney

Can late to the party option traders make money? It's something to consider? These Call options expire this Friday. There was news on it before the opening today. The second chart below a few minutes later shows it hanging tough. At 10:01 a.m. we now checking out the Puts. The bid and ask on the Puts are very tight. That also makes us ask what happened to the Disney 101 Calls that we first looked at? Here is what the chart now looks like. More Call option players have jumped in to play the upside that the downside. Might one do a spread and try to play it both ways hoping for a breakout either way? That's an option to consider. Disney has being a dog of a stock now for a year so might some profit taking set in? How is Disney going to pay for another theme park? With that on their plates forget any share buy back programs. They are taking on new risks in a period of global uncertainity. Are late to the party option traders best just to stay away from this unexpected situ...
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A 1 for 100 Reverse Stock Split. Imagine Living Through That?

Here it is, I have talked about Mullen before.
Now a letter from the C.E.O.
$1,000 worth of stock is now worth ten dollars. One would have to ask the question as to whether there is even any point in keeping this company going? Stumbling along shipping out a few EV trucks here and there is a recipe for a slow death. Here how it traded this week after the reverse split. ($9.84 prior to the reverse split was $.09 cents. People selling out on the morning of the reversal thinking the stock would continue to sink forever, it probably will, sold out only to watch new sharks buying it getting an amazing short term rise. That was somewhat unexpected).
Yes there was a bounce however who wants to buy in now? Look at it's five year chart. What a mess! This wasn't the first time the company did a reverse split.
There where some comments flying in the air last summer to address the issue of short sellers interfering but in all fairness management seemed to be to busy bragging about how quickly their one thousand and fifty horsepower EV could do time lapses around a race tract in California.
In all fairness it's a tough industry to get going in.
Faraday Future mentioned above is another stock we have mentioned in the past as it also has done a reverse stock split. It was a 1 for 70 reverse stock split in late September and then stock dropped another 50 percent after it started to trade at it's new price. See where it is trading now.
These stocks, while interesting to watch are a fools game. (Well not if you were shorting it).

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