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 13 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 69% leaning bullish and 30% bearish. Among these notable options, 5 are puts, totaling $255,634, and 8 are calls, amounting to $447,418.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $105.0 for Walt Disney over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Walt Disney options trades today is 5848.2 with a total volume of 3,203.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Walt Disney's big money trades within a strike price range of $60.0 to $105.0 over the last 30 days.
Walt Disney Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | SWEEP | BEARISH | 06/21/24 | $60.00 | $162.5K | 638 | 5 |
| DIS | PUT | SWEEP | BEARISH | 02/16/24 | $105.00 | $85.5K | 136 | 70 |
| DIS | CALL | SWEEP | BULLISH | 02/09/24 | $93.00 | $63.7K | 0 | 213 |
| DIS | PUT | SWEEP | BEARISH | 12/29/23 | $92.00 | $52.2K | 1.6K | 300 |
| DIS | PUT | TRADE | BULLISH | 01/19/24 | $91.00 | $49.0K | 1.6K | 506 |
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 1,756,736, with DIS's price up by 0.52%, positioned at $90.85.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 41 days.
Expert Opinions on Walt Disney
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $112.0.
- An analyst from Rosenblatt persists with their Buy rating on Walt Disney, maintaining a target price of $112.
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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