Whales with a lot of money to spend have taken a noticeably bearish stance on Walt Disney.
Looking at options history for Walt Disney DIS we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $184,037 and 11, calls, for a total amount of $435,970.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $108.0 for Walt Disney during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Walt Disney options trades today is 4428.0 with a total volume of 1,994.00.
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 $70.0 to $108.0 over the last 30 days.
Walt Disney Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | TRADE | BULLISH | 04/19/24 | $70.00 | $56.5K | 1.0K | 20 |
| DIS | CALL | TRADE | BEARISH | 01/17/25 | $100.00 | $54.7K | 12.1K | 83 |
| DIS | CALL | SWEEP | BEARISH | 04/19/24 | $105.00 | $51.8K | 6.2K | 330 |
| DIS | PUT | TRADE | BEARISH | 01/17/25 | $100.00 | $48.9K | 5.6K | 48 |
| DIS | CALL | SWEEP | BEARISH | 04/19/24 | $105.00 | $44.1K | 6.2K | 354 |
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.
Having examined the options trading patterns of Walt Disney, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Walt Disney
- With a volume of 2,214,580, the price of DIS is down -0.6% at $96.36.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 7 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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