Deep-pocketed investors have adopted a bearish approach towards Walt Disney DIS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DIS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for Walt Disney. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 42% leaning bullish and 57% bearish. Among these notable options, 9 are puts, totaling $533,832, and 10 are calls, amounting to $1,102,010.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $135.0 for Walt Disney during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Walt Disney stands at 4494.18, with a total volume reaching 14,407.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Walt Disney, situated within the strike price corridor from $70.0 to $135.0, throughout the last 30 days.
Walt Disney 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DIS | CALL | TRADE | BULLISH | 01/17/25 | $12.35 | $12.15 | $12.3 | $120.00 | $615.0K | 8.5K | 535 |
| DIS | PUT | SWEEP | BULLISH | 10/18/24 | $4.7 | $4.6 | $4.6 | $110.00 | $138.0K | 647 | 300 |
| DIS | PUT | SWEEP | BEARISH | 05/17/24 | $17.65 | $17.45 | $17.65 | $135.00 | $97.0K | 121 | 61 |
| DIS | CALL | TRADE | BEARISH | 05/17/24 | $10.5 | $10.45 | $10.45 | $110.00 | $91.9K | 4.6K | 189 |
| DIS | CALL | SWEEP | BEARISH | 03/21/25 | $12.4 | $11.95 | $11.95 | $125.00 | $77.6K | 221 | 82 |
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.
Walt Disney's Current Market Status
- With a volume of 4,518,102, the price of DIS is up 0.01% at $117.36.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 29 days.
Expert Opinions on Walt Disney
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $141.0.
- Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Walt Disney, targeting a price of $145.
- An analyst from Guggenheim has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $140.
- An analyst from Needham has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $145.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Walt Disney with a target price of $145.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Walt Disney with a target price of $130.
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.
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