Investors with a lot of money to spend have taken a bearish stance on Walt Disney DIS.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, 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 these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Walt Disney.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $129,021, and 9 are calls, for a total amount of $359,123.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $100.0 for Walt Disney, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Walt Disney options trades today is 6482.33 with a total volume of 2,510.00.
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 $50.0 to $100.0 over the last 30 days.
Walt Disney 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | PUT | SWEEP | NEUTRAL | 01/17/25 | $90.00 | $86.4K | 9.8K | 134 |
| DIS | CALL | TRADE | BULLISH | 01/16/26 | $60.00 | $80.0K | 98 | 0 |
| DIS | CALL | SWEEP | BULLISH | 02/16/24 | $95.00 | $47.6K | 10.1K | 172 |
| DIS | CALL | TRADE | BEARISH | 01/17/25 | $100.00 | $46.5K | 12.2K | 9 |
| DIS | PUT | SWEEP | NEUTRAL | 02/16/24 | $95.00 | $42.5K | 5.2K | 77 |
About Walt Disney
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.
Current Position of Walt Disney
- With a volume of 2,952,817, the price of DIS is up 0.49% at $93.52.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 16 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Walt Disney with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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