Deep-pocketed investors have adopted a bullish 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 8 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 50% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $68,957, and 6 are calls, amounting to $341,146.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $100.0 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 4549.17, with a total volume reaching 1,800.00. 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 $90.0 to $100.0, throughout 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DIS | CALL | SWEEP | BEARISH | 01/17/25 | $4.15 | $4.1 | $4.1 | $100.00 | $145.1K | 14.7K | 412 |
| DIS | CALL | TRADE | BEARISH | 01/17/25 | $4.15 | $4.1 | $4.1 | $100.00 | $86.5K | 14.7K | 623 |
| DIS | PUT | TRADE | BULLISH | 11/08/24 | $2.22 | $2.08 | $2.1 | $96.00 | $42.0K | 457 | 224 |
| DIS | CALL | TRADE | BULLISH | 11/01/24 | $1.4 | $1.34 | $1.4 | $96.00 | $28.0K | 1.3K | 226 |
| DIS | CALL | TRADE | BULLISH | 01/16/26 | $12.1 | $11.75 | $12.1 | $100.00 | $27.8K | 3.9K | 13 |
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
- Currently trading with a volume of 354,130, the DIS's price is down by -0.54%, now at $95.72.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 21 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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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