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Today, we’re opening a new bearish trade on Disney (DIS). The bad news for Abercrombie & Fitch (ANF) recently may have more to do with DIS than it might seem on the surface. The clothing retailer suffered from declines at important locations that depend on tourism. However, a strong dollar and slowing travel hurt its sales a lot more than expected. DIS is subject to those same risks, which may be one of a few reasons that the stock has been declining just past support.

From a technical perspective, the trade looks interesting, but we think the real catalyst for downside in the short term is the tourism issue. The dollar continues to rise and the unfortunate spread of the Zika virus is expected to keep a partial lid on visitors to the company’s parks. If we add that to the softer-than-expected outlook for Star Wars and continued struggles with cable, the stock seems overvalued.

Buy to open the DIS October 95 Puts (DIS161021P00095000).

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InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of SlingShot Trader, a trading service designed to help you make options profits by trading the news. Get in on the next SlingShot Trader trade and get 1 free month today by clicking here.