High-rolling investors have positioned themselves bullish on Walt Disney DIS, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DIS often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Walt Disney. This is not a typical pattern.
The sentiment among these major traders is split, with 77% bullish and 22% bearish. Among all the options we identified, there was one put, amounting to $26,220, and 8 calls, totaling $324,643.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $160.0 for Walt Disney over the recent 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 $110.0 to $160.0 over the preceding 30 days.
Walt Disney 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | TRADE | BEARISH | 04/19/24 | $110.00 | $79.0K | 6.5K | 1 |
| DIS | CALL | TRADE | BEARISH | 02/23/24 | $110.00 | $67.5K | 4.2K | 518 |
| DIS | CALL | SWEEP | BULLISH | 01/17/25 | $160.00 | $39.5K | 1.0K | 345 |
| DIS | CALL | SWEEP | BULLISH | 09/20/24 | $125.00 | $37.3K | 5.4K | 8 |
| DIS | PUT | SWEEP | BULLISH | 03/15/24 | $120.00 | $26.2K | 531 | 1 |
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
- Trading volume stands at 494,786, with DIS's price down by -0.7%, positioned at $108.52.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 85 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Walt Disney with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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