Financial giants have made a conspicuous bearish move on Walt Disney. Our analysis of options history for Walt Disney DIS revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $61,837, and 6 were calls, valued at $213,371.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $100.0 for Walt Disney over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Walt Disney options trades today is 18376.29 with a total volume of 1,540.00.
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 $100.0 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 | 01/19/24 | $90.00 | $45.5K | 24.9K | 387 |
| DIS | CALL | TRADE | BEARISH | 06/21/24 | $100.00 | $43.0K | 12.5K | 23 |
| DIS | CALL | TRADE | NEUTRAL | 01/19/24 | $90.00 | $35.5K | 24.9K | 1 |
| DIS | PUT | SWEEP | BEARISH | 01/19/24 | $85.00 | $33.8K | 31.0K | 65 |
| DIS | CALL | SWEEP | NEUTRAL | 12/15/23 | $90.00 | $33.2K | 14.8K | 577 |
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.
Following our analysis of the options activities associated with Walt Disney, we pivot to a closer look at the company's own performance.
Walt Disney's Current Market Status
- With a trading volume of 1,323,943, the price of DIS is up by 0.17%, reaching $90.94.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 63 days from now.
Expert Opinions on Walt Disney
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $108.0.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Walt Disney, targeting a price of $115.
- An analyst from Raymond James persists with their Outperform rating on Walt Disney, maintaining a target price of $101.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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