Walt Disney (DIS) is scheduled to report earnings on May 10, and I do not want to hold a position through the announcement. At present, our DIS May Week One (5/5) 99 Call is in the money and our shares are on track to be called away.

If DIS closes below our strike, we will sell shares next week ahead of the company’s earnings report.

Current Stock Price: $100.03

Cost Basis: $104.25

Action: Allow shares to be called away

Net Debit: $5.25

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