Disney Options Traders See More Than 30% Upside

Disney Options Traders See More Than 30% Upside

Walt Disney Co DIS reported strong earnings for the fiscal third quarter on Wednesday.

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Walt Disney traded more than 6.3 times its average daily call volume on Thursday. “Our fund is actually long in the stock,” he added.

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There were buyers of 2,500 of the June 2023 weekly 150-calls at an average price of $4.90 per contract, Khouw mentioned. Traders see 30% or more upside in Walt Disney shares in less than a year.

DIS Price Action: Shares of Walt Disney gained 4.68% to settle at $117.69 on Thursday.

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Posted In: CNBCMichael KhouwOptimize AdvisorsLong IdeasOptionsMarketsMediaTrading Ideas