Disney To Report Earnings After Market Closes Wednesday, Options Traders Anticipate 5.5% Move

The Walt Disney Company DIS is scheduled to release quarterly earnings results after the closing bell on Wednesday.

On CNBC’s "Options Action,"  Mike Khouw of Optimize Advisors said market sentiment was mixed on Disney during Tuesday’s session.

Options markets are implying a move of around +/-5.5% following the release of quarterly earnings, which is down from the 6% average move recorded over the past eight quarters.

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There was a seller of 2,500 of the August 11 weekly 90-calls at an average price of $1.48 per contract, Khouw mentioned.

Traders expect Disney’s stock to remain below the $90 level through the end of Friday’s trading session.

Analysts expect Walt Disney to report earnings of 97 cents per share on revenue of $22.48 billion for the latest quarter.

Price Action: Disney shares rose 1.12% to $89.12 during Wednesday's premarket session.

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