A whale with a lot of money to spend has taken a noticeably bearish stance on Walt Disney.
Looking at options history for Walt Disney DIS we detected 25 strange trades.
If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 18 are puts, for a total amount of $1,135,678 and 7, calls, for a total amount of $1,709,269.
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 $94.0 to $105.0 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 4377.36 with a total volume of 6,474.00.
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 $94.0 to $105.0 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 | TRADE | BEARISH | 06/21/24 | $100.00 | $1.3M | 1.1K | 914 |
| DIS | PUT | TRADE | BULLISH | 05/12/23 | $100.00 | $200.0K | 517 | 1.1K |
| DIS | PUT | SWEEP | BEARISH | 07/21/23 | $95.00 | $155.7K | 5.3K | 1.0K |
| DIS | PUT | SWEEP | BULLISH | 05/05/23 | $102.00 | $117.1K | 724 | 128 |
| DIS | PUT | SWEEP | BEARISH | 07/21/23 | $95.00 | $109.9K | 5.3K | 18 |
Where Is Walt Disney Standing Right Now?
- With a volume of 2,845,210, the price of DIS is down -0.81% at $101.67.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 9 days.
What The Experts Say On Walt Disney:
- Guggenheim has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $130.
- Deutsche Bank has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $135.
- Barclays has decided to maintain their Equal-Weight rating on Walt Disney, which currently sits at a price target of $107.
- Wells Fargo has decided to maintain their Overweight rating on Walt Disney, which currently sits at a price target of $147.
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 Walt Disney, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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