This is similar to what I am predicting... more so now just because of the trade war escalations...... too bad, because DIS was really putting something solid together to combat NFLX (which has also taken its plunge for the year)
@Skender10, Take a look at the 5Y... I'd say this still has some time and some gaps to close before continuing back upwards... at least this would honestly be in the best interest of the longterm shareholders... if it just jumps back up and continues rising, then I'd say this only means a deeper recession later on -- SPX should take a smaller hit now, recalibrate, THEN continue at a more sustainable growth...
... but I'm all for fun options trading too... play the volatility game