Whales with a lot of money to spend have taken a noticeably bullish stance on Walt Disney.
Looking at options history for Walt Disney DIS we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $196,750 and 9, calls, for a total amount of $326,060.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $120.0 for Walt Disney, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Walt Disney's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Walt Disney's substantial trades, within a strike price spectrum from $85.0 to $120.0 over the preceding 30 days.
Walt Disney 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | TRADE | BULLISH | 06/21/24 | $90.00 | $61.4K | 8.3K | 59 |
| DIS | PUT | SWEEP | BULLISH | 04/19/24 | $85.00 | $56.5K | 9.1K | 494 |
| DIS | PUT | SWEEP | BEARISH | 04/19/24 | $90.00 | $47.0K | 11.9K | 121 |
| DIS | CALL | SWEEP | NEUTRAL | 02/09/24 | $85.00 | $42.9K | 30 | 11 |
| DIS | CALL | SWEEP | BULLISH | 03/15/24 | $90.00 | $39.7K | 10.9K | 173 |
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.
Having examined the options trading patterns of Walt Disney, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Walt Disney
- Currently trading with a volume of 3,331,658, the DIS's price is up by 0.52%, now at $95.36.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 12 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Walt Disney, Benzinga Pro gives you real-time options trades alerts.
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