Walt Disney Attracts Bullish Traders Ahead Of Q1 Earnings: Here's How Big Of A Move They're Expecting

Shares of Walt Disney Co. DIS rose during Tuesday’s trading session and continued to advance in the after-hours session.

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said Walt Disney traded at 1.5 times its average daily call volume on Tuesday, implying a move of 6.1%, higher than the 5.4% average in the last eight reported quarters.

Check out other stocks making moves in the premarket.

There were buyers of 5,356 of the February 10 weekly 115 calls, at an average price of $1.78 per contract, Khouw mentioned. Traders expect Walt Disney’s stock to rise by at least 5% by Friday expiration, he added.

The media and entertainment conglomerate will be reporting first-quarter earnings after the market close on Wednesday. Analysts are bullish on the stock, Benzinga's analyst ratings data finds a consensus Buy rating on DIS.

DIS Price Action: Shares of Walt Disney rose by 1.60% to close at $111.63 on Tuesday, and are up by 1.03% in premarket trading on Wednesday.

Now Read: Disney Urges Shareholders To Veto Activist Investor Nelson Peltz's Board Seat Proposal At April 3 Annual Meet

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Posted In: Long IdeasOptionsMarketsMediaTrading IdeasMichael KhouwOptimize Advisors
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