DIS options strategies, priced on the real chain
$96.19The Walt Disney Company · chain snapshot captured Aug 1, 2026
A mid-priced name with a liquid chain and a vol surface that has calmed considerably from its streaming-war highs. Enough premium to make covered calls worth the effort, without TSLA-grade gap risk.
Every page below prices its structure against the August 28, 2026 expiry — 37% at-the-money implied vol, #9 of the 20 underlyings on this site. What moves DIS: earnings (parks margin and streaming subscriber numbers) and its annual dividend.
10 strategies on DIS
One contract (or one 100-share lot) per structure, at-the-money template strikes on the August 28, 2026expiry. Breakevens and probability of profit come from OptionTracker’s engine.
Start here
- DIS covered callSell upside on shares you already own and get paid for the cap. · breakeven $94.4 (−1.9%)
- DIS cash-secured putGet paid to place a limit order below the market. · breakeven $89.9 (−6.5%)
- DIS iron condorSell a range, buy the wings, collect if the stock stays put. · breakeven $88.08 (−8.4%)
- DIS bull call spreadBuy a call, sell a higher one — cheaper upside with a ceiling. · breakeven $98.16 (+2.0%)
- DIS bull put spreadSell a put spread below the market: credit now, defined risk. · breakeven $91.06 (−5.3%)
- DIS long straddleBuy the call and the put — pay for a move in either direction. · breakeven $88.45 (−8.0%)
Related reading
- The wheel strategy, with real numbersEveryone can recite the four steps. Almost nobody can tell you what a completed cycle returned on the capital it tied up. Here is one, priced off a real chain and folded by the same engine that runs our tracker.
- What a cash-secured put actually paysThe annualized-return column is the one everybody screenshots. It is also the one that tells you least. Here is the whole ladder — return, probability, breakeven, and the loss that takes six winners to repair.
- Covered calls on shares you already ownThe covered-call math you find online divides premium by cost basis. If you bought the stock years ago, that number is a fantasy — and it will talk you into selling a strike you should never have touched.