27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Someone with a lot of money to spend has taken a bearish stance on Walt Disney (NYSE:DIS).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DIS, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 44 uncommon options trades for Walt Disney.
This isn't normal.
The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.
Out of all of the special options we uncovered, 18 are puts, for a total amount of $1,213,422, and 26 are calls, for a total amount of $1,672,795.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $190.0 for Walt Disney over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Walt Disney options trades today is 3490.88 with a total volume of 21,321.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Walt Disney's big money trades within a strike price range of $80.0 to $190.0 over the last 30 days.
Walt Disney Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | SWEEP | BEARISH | 07/15/22 | $105.00 | $397.7K | 2.5K | 716 |
| DIS | PUT | TRADE | BULLISH | 01/20/23 | $190.00 | $233.2K | 362 | 44 |
| DIS | CALL | SWEEP | BEARISH | 07/15/22 | $105.00 | $167.3K | 2.5K | 1.0K |
| DIS | CALL | TRADE | BULLISH | 08/19/22 | $110.00 | $160.5K | 2.4K | 1.4K |
| DIS | PUT | TRADE | BULLISH | 01/20/23 | $190.00 | $133.2K | 362 | 16 |
Where Is Walt Disney Standing Right Now?
- With a volume of 3,036,493, the price of DIS is down -1.36% at $106.36.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 65 days.
What The Experts Say On Walt Disney:
- Barclays has decided to maintain their Equal-Weight rating on Walt Disney, which currently sits at a price target of $130.
- Truist Securities has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $135.
- Keybanc has decided to maintain their Overweight rating on Walt Disney, which currently sits at a price target of $151.
- Goldman Sachs has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $148.
- RBC Capital has decided to maintain their Outperform rating on Walt Disney, which currently sits at a price target of $176.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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