Investors with a lot of money to spend have taken a bullish stance on Walt Disney DIS.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DIS, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 33 uncommon options trades for Walt Disney.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 36%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $816,553, and 23 are calls, for a total amount of $1,297,569.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $140.0 for Walt Disney during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Walt Disney's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Walt Disney's significant trades, within a strike price range of $60.0 to $140.0, over the past month.
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 | PUT | SWEEP | BULLISH | 10/18/24 | $11.3 | $11.15 | $11.15 | $120.00 | $314.4K | 1.0K | 282 |
| DIS | PUT | SWEEP | BULLISH | 01/16/26 | $12.7 | $11.5 | $11.5 | $110.00 | $172.5K | 1.5K | 150 |
| DIS | CALL | TRADE | BULLISH | 06/20/25 | $57.0 | $55.0 | $57.0 | $60.00 | $142.5K | 379 | 0 |
| DIS | CALL | SWEEP | BEARISH | 05/10/24 | $3.05 | $2.97 | $2.97 | $115.00 | $128.3K | 2.2K | 531 |
| DIS | CALL | SWEEP | BULLISH | 06/21/24 | $4.85 | $4.8 | $4.85 | $115.00 | $96.9K | 11.4K | 434 |
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.
After a thorough review of the options trading surrounding Walt Disney, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Walt Disney's Current Market Status
- With a volume of 6,385,117, the price of DIS is up 0.78% at $113.5.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 4 days.
What The Experts Say On Walt Disney
4 market experts have recently issued ratings for this stock, with a consensus target price of $137.75.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Walt Disney, which currently sits at a price target of $141.
- An analyst from Argus Research has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $140.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Walt Disney, which currently sits at a price target of $130.
- An analyst from JP Morgan has revised its rating downward to Overweight, adjusting the price target to $140.
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 options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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