Bob Iger had been reappointed as CEO of Disney (DIS). Alex Coffey and Jenny Horne discuss this as Bob Chapek stepped down after 2 years as CEO. They talk about how Disney has been underperforming and is looking to cut costs. They go over how Iger agreed to return for 2 years to mandate plans for development of a successor. They then note that Moffett Nathanson upgraded DIS to outperform from market perform. Alex then demonstrates an example trade using Disney. The trade type is buy a call diagonal and the direction is bullish. Tune in to find out more about the stock market today.