Disney Options Traders See Stock Dipping This Much By July Expiration

Walt Disney Co's DIS senior executive vice president and chief financial officer, Christine McCarthy, will be stepping down from her role and taking a family medical leave of absence, the company announced on Thursday.

On CNBC’s "Options Action,"  Mike Khouw of Optimize Advisors said Disney was the third busiest among consumer discretionary single stock options on Thursday.

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There was a buyer of 25,000 of the July 80-puts at an average price of 25 cents per contract, Khouw mentioned.

Traders expect Disney’s stock to drop more than 14% by July expiration.

Veteran Disney executive Kevin Lansberry will serve as the company’s Interim CFO, effective July 1, the company said.

DIS Price Action: Disney shares gained 0.5% to close at $92.94 on Thursday and lost 0.5% in the after-hours trading session.

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