Magic Or Mayhem? Disney's Enigmatic Q2 Earnings Anticipation Sparks Big Options Bet


27% profit every 20 days?

This is what Nic Chahine averages with his option 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.


The Walt Disney Company (NYSE:DIS) is expected to release quarterly results after the closing bell on May 10, 2023. Analysts expect the company to post quarterly earnings at 93 cents per share on revenue of $21.79 billion.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said options markets are implying a move of around +/-6% by the end of the week, compared with the average 5.6% move the company has recorded over the last eight reported quarters.

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There were buyers of 5,700 of the May 12 weekly 97-puts at an average price of 95 cents per contract, Khouw mentioned.

The trader expects Disney’s stock to drop at least 6% by the end of this week.

On Monday, Morgan Stanley analyst Benjamin Swinburne maintained Walt Disney with an Overweight and raised the price target from $115 to $120.

Price Action: Disney’s shares fell 0.8% to close at $102.18 on Tuesday.

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27% profit every 20 days?

This is what Nic Chahine averages with his option 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.


Posted In: NewsShort IdeasOptionsMarketsMediaTrading IdeasCNBCMike KhouwOptions Action