Investors with a lot of money to spend have taken a bearish stance on Walt Disney DIS.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DIS, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for Walt Disney.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 58%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $280,244, and 6 are calls, for a total amount of $476,269.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $145.0 for Walt Disney over the recent three months.
Volume & Open Interest Development
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 $80.0 to $145.0 in the last 30 days.
Walt Disney Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DIS | CALL | SWEEP | BEARISH | 11/15/24 | $11.95 | $11.85 | $11.85 | $85.00 | $287.9K | 74 | 244 |
| DIS | PUT | TRADE | BULLISH | 10/18/24 | $9.05 | $8.9 | $8.94 | $100.00 | $51.8K | 3.1K | 171 |
| DIS | PUT | TRADE | BULLISH | 10/18/24 | $8.9 | $8.85 | $8.85 | $100.00 | $50.4K | 3.1K | 57 |
| DIS | PUT | SWEEP | NEUTRAL | 10/18/24 | $8.95 | $8.75 | $8.87 | $100.00 | $49.6K | 3.1K | 113 |
| DIS | PUT | TRADE | BULLISH | 12/18/26 | $8.5 | $7.3 | $7.3 | $80.00 | $48.1K | 460 | 66 |
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.
Present Market Standing of Walt Disney
- Trading volume stands at 2,255,818, with DIS's price up by 0.85%, positioned at $92.92.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 8 days.
Professional Analyst Ratings for Walt Disney
In the last month, 3 experts released ratings on this stock with an average target price of $133.33333333333334.
- Consistent in their evaluation, an analyst from MoffettNathanson keeps a Buy rating on Walt Disney with a target price of $125.
- An analyst from Needham downgraded its action to Buy with a price target of $145.
- Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on Walt Disney with a target price of $130.
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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