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Looking At Walt Disney's Recent Unusual Options Activity
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Looking At Walt Disney's Recent Unusual Options Activity
Jun 18, 2024 8:04 AM

Whales with a lot of money to spend have taken a noticeably bullish stance on Walt Disney ( DIS ).

Looking at options history for Walt Disney ( DIS ) we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $61,066 and 7, calls, for a total amount of $363,823.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $125.0 for Walt Disney ( DIS ) over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Walt Disney ( DIS ) options trades today is 1360.43 with a total volume of 1,284.00.

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 ( DIS ) big money trades within a strike price range of $85.0 to $125.0 over the last 30 days.

Walt Disney Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
DIS CALL SWEEP NEUTRAL 09/20/24 $9.55 $9.4 $9.55 $95.00 $85.9K 958 15
DIS CALL SWEEP BULLISH 07/05/24 $4.2 $3.65 $4.2 $98.00 $84.0K 824 401
DIS CALL SWEEP BEARISH 07/05/24 $4.35 $4.25 $4.25 $98.00 $62.5K 824 200
DIS CALL TRADE BULLISH 03/21/25 $2.9 $2.49 $2.9 $125.00 $37.7K 2.3K 0
DIS PUT TRADE BULLISH 06/21/24 $19.05 $18.3 $18.54 $120.00 $35.2K 81 0

About Walt Disney

Disney ( DIS ) 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 ( DIS ) 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 ( DIS ) own streaming platform and television networks. The sports segment houses ESPN ( DIS ) and the ESPN+ streaming service. Experiences contains Disney's ( DIS ) theme parks and vacation destinations, and also benefits from merchandise licensing.

In light of the recent options history for Walt Disney ( DIS ), it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Walt Disney Standing Right Now?

Currently trading with a volume of 996,204, the DIS's price is down by -0.5%, now at $101.01.

RSI readings suggest the stock is currently is currently neutral between overbought and oversold.

Anticipated earnings release is in 50 days.

Expert Opinions on Walt Disney

1 market experts have recently issued ratings for this stock, with a consensus target price of $100.0.

Showing optimism, an analyst from Redburn Atlantic upgrades its rating to Neutral with a revised price target of $100.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Walt Disney ( DIS ) options trades with real-time alerts from Benzinga Pro.

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