Rocket Equities and Options 07-15-20
July 15, 2020
Markets are trading much higher on the encouraging phase 1 data from Moderna. The S&P reached a level that it hasn’t seen since February, which is remarkable considering how low it actually traded at one point.
We got a nice execution for a half-position in DIS yesterday at around $118.63. It's trading up more than three dollars at around $122. If you weren’t able to get executed yesterday, you can still get in today. This is a long-term position and a few dollars shouldn’t make or break this trade.
We might look to add another long-term position later today or this week so stay tuned for updates. I imagine having a portfolio of 5-10 longer term positions once we get ourselves positioned, Disney is one of my favorite stocks longer term, even at $122 up from $115 just 24 hours ago.
I am looking at some options plays as well later this week or next. it should be an interesting day in the markets.
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