Financial giants have made a conspicuous bearish move on Walt Disney. Our analysis of options history for Walt Disney DIS revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $183,536, and 6 were calls, valued at $281,843.
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 $111.0 and $135.0 for Walt Disney, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Walt Disney's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Walt Disney's whale trades within a strike price range from $111.0 to $135.0 in the last 30 days.
Walt Disney Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | SWEEP | BULLISH | 04/19/24 | $115.00 | $89.5K | 29.3K | 880 |
| DIS | PUT | TRADE | BEARISH | 04/19/24 | $122.00 | $70.3K | 182 | 335 |
| DIS | CALL | TRADE | NEUTRAL | 05/17/24 | $120.00 | $62.7K | 9.9K | 188 |
| DIS | CALL | SWEEP | BEARISH | 04/19/24 | $120.00 | $46.5K | 32.4K | 29.0K |
| DIS | PUT | SWEEP | BULLISH | 04/05/24 | $120.00 | $44.0K | 1.0K | 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.
Following our analysis of the options activities associated with Walt Disney, we pivot to a closer look at the company's own performance.
Walt Disney's Current Market Status
- With a trading volume of 4,455,237, the price of DIS is up by 1.06%, reaching $122.26.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 41 days from now.
Professional Analyst Ratings for Walt Disney
4 market experts have recently issued ratings for this stock, with a consensus target price of $134.5.
- An analyst from Raymond James downgraded its action to Outperform with a price target of $128.
- An analyst from Barclays has elevated its stance to Overweight, setting a new price target at $135.
- An analyst from Morgan Stanley persists with their Overweight rating on Walt Disney, maintaining a target price of $135.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Walt Disney, targeting a price of $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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