DIS has come into its multi-year auction zone that should hold as support. Price likely clusters here and then moves back up towards the 150, and then the 155-160 price levels over the coming weeks/months.

ADJUSTMENT UPDATE 12/6/2019 @ 1:36 PM ET: I'm adjusting this position once again as I see DIS still likely to settle in between the 150 and 155 price levels over the next couple of weeks. I was able to roll both sides of the Iron Condor for a credit. The 150/145 Vertical Put Credit Spread (Bull Put) for 0.51 and the 155/160 Vertical Call Credit Spread (Bear Call) for a tiny 0.05 for a total of 0.56 additional credit bringing my net credit up to 1.15. Please see the connected chart and note that the stock will still likely extend up to approx the 155 price level before any dip should continue lower below the 147 price level. ADJUSTMENT UPDATE 11/27/2019 @ 12:57 PM ET: I discussed this adjustment in our group meeting on 11/26 which can be viewed by clicking on this link: https://thesupertrader.com/pos-11-26-2019/ I rolled my 150/155 bear call up in strikes to the 155/160 and out in time to the Dec 6 expiration. This was done for a 1.36 debit. As I had originally brought in 1.11 of credit this gives me a net debit of 0.25. I then added the 150/145 bull put for 0.84 of credit in the same expiration, Dec 6. This gives me an iron condor with a net credit of 0.59.

ADJUSTMENT UPDATE 12/6/2019 @ 2:05 PM ET: I went ahead and closed the 295/300 bear call side of this position as we are setting up to move up to approx. the 296.50 - 300 price level. This was done for an 0.89 debit which put my net position at a 0.16 debit. I then increased my position size in my 290/285 bull put from 5 contracts to 10. The additional 5 contracts gave me 1.39 credit minus the current 0.16 debit I have on the first 5 contracts, which leaves me with a net credit of 1.23. ADJUSTMENT UPDATE 11/27/2019 @ 12:45 PM ET: I discussed my plans for adjusting my position in MA in our group meeting on 11/26 which can be accessed by clicking on this link: https://thesupertrader.com/pos-11-26-2019/ I went ahead and rolled my 287.50/292.50 bear call up in strikes to the 295/300 and out in time to the Dec 13 expiration, this cost me 1.95 debit, with an original 1.15 of credit this leave me with a net debit of 0.80. I then opened a bull put at the 290/285.00 price level for a credit of 1.53 which gives me a net credit on between the two positions of 0.73.

SPX has just confirmed that it intends to hold auction support still and will likely continue to extend up to approx. 3170.

MA just retraced into a prior resistance zone that I expect should hold as temporary support over the next 1-2 weeks.

I expect that JNJ will have an extension of its current clustering zone up to approx. 140-141 price level. It should hold above the 146.50 price level until that extension occurs.

MA should continue to cluster at the resistance zone as seen on the chart that is attached to this position

HD completely disregarded an auction zone that the stock has previous found resistance on and it should have found temporary support. We just came into a secondary auction area and I expect the stock to retrace higher into the auction resistance as seen by the red lines on the chart that is connected to this position.

I expect the SPX to extend up to approx. 3108-3110 over the next 1-2 days. As such I will cover this position by selling to open the short calls at the 3105 strike for a credit that is equal to the debit of these long calls + an additional $5 to cover the risk of the bear call spread.

As discussed in the 360 Review this past Friday (11/1) I would be looking to structure an 'AlphaX' style trade when we approach a longer term auction zone which we've done this morning. I will be selling to open the 3090 short puts for a credit equal to or greater than the debit of this position within the next several hours.