A Disney Strangle Strategy Can Profit From Big Swings By The Entertainment Stock

Walt Disney (DIS) stock is currently trading with a very low implied volatility rank, so options are cheap compared to the last 12 months. That means it's a good time to look at a breakout trade such as a long strangle. A long strangle is constructed through buying an out-of-the-money call and an out-of-the-money put. The trade aims to make…