Financial giants have made a conspicuous bearish move on Walt Disney. Our analysis of options history for Walt Disney DIS revealed 32 unusual trades.
Delving into the details, we found 18% of traders were bullish, while 81% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $1,681,374, and 16 were calls, valued at $2,178,537.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $125.0 for Walt Disney over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Walt Disney options trades today is 6176.55 with a total volume of 9,277.00.
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 big money trades within a strike price range of $85.0 to $125.0 over the last 30 days.
Walt Disney Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | TRADE | BEARISH | 01/17/25 | $110.00 | $1.3M | 8.2K | 1.0K |
| DIS | PUT | TRADE | NEUTRAL | 01/17/25 | $105.00 | $665.0K | 2.4K | 1.0K |
| DIS | PUT | TRADE | BEARISH | 10/18/24 | $110.00 | $252.0K | 62 | 362 |
| DIS | CALL | TRADE | NEUTRAL | 06/21/24 | $90.00 | $114.2K | 7.1K | 55 |
| DIS | PUT | TRADE | BEARISH | 05/17/24 | $110.00 | $112.5K | 711 | 354 |
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.
In light of the recent options history for Walt Disney, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Walt Disney Standing Right Now?
- With a volume of 6,292,919, the price of DIS is down -0.58% at $108.78.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 70 days.
What Analysts Are Saying About Walt Disney
In the last month, 5 experts released ratings on this stock with an average target price of $116.0.
- Reflecting concerns, an analyst from Tigress Financial lowers its rating to Buy with a new price target of $136.
- An analyst from Deutsche Bank has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $125.
- An analyst from Needham has elevated its stance to Buy, setting a new price target at $120.
- Maintaining their stance, an analyst from Macquarie continues to hold a Neutral rating for Walt Disney, targeting a price of $104.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Walt Disney with a target price of $95.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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