Behind the Scenes of Walt Disney's Latest Options Trends

Investors with a lot of money to spend have taken a bullish 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 32 uncommon options trades for Walt Disney.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 37%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $608,324, and 18 are calls, for a total amount of $745,254.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $120.0 for Walt Disney over the recent three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Walt Disney's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Walt Disney's substantial trades, within a strike price spectrum from $80.0 to $120.0 over the preceding 30 days.

Walt Disney Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Walt Disney

Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm's ownership of iconic franchises and characters. 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.

After a thorough review of the options trading surrounding Walt Disney, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Walt Disney's Current Market Status

• Trading volume stands at 4,056,773, with DIS's price down by -0.94%, positioned at $100.66.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 41 days.

What The Experts Say On Walt Disney

In the last month, 1 experts released ratings on this stock with an average target price of $130.0.

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. * Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on Walt Disney with a target price of $130.

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.