Carter Worth of Cornerstone Macro and Mike Khouw shared with the viewers of CNBC’s “Options Action” their options trades in Walt Disney Co (NYSE:DIS) and Marriott International, Inc. (NASDAQ:MAR).
Both companies are very much tied to the end of COVID-19 and they report earnings this week, said Worth. He noticed periods of rallies and pullbacks in Disney and Marriott and he sees the latest pullback as a buying opportunity.
Khouw suggested that options traders should buy the July $150 call and sell the May $157.50 call in Marriott for a total cost of $5.65. In Disney, he would buy the July $185 call and sell the $195 for a total cost of $6.75.
See also: How to Buy Disney Stock
