The Walt Disney Company (DIS) made positive free cash flow (FCF) last quarter and will likely keep doing this. That has helped analysts raise their targets. As a result, DIS stock is off of its lows and one way to play this is to short out-of-the-money puts.
DIS is at $93.80 in midday trading on Tuesday, Oct. 1. This is up from recent lows of $88.32 on Sept. 11 and $85.60 on Aug. 13. That occurred after its Aug. 7 earnings release for its fiscal Q3 ending June 29.
