Whales with a lot of money to spend have taken a noticeably bearish stance on Walt Disney.
Looking at options history for Walt Disney DIS we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $220,565 and 17, calls, for a total amount of $984,589.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $115.0 for Walt Disney, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $60.0 to $115.0 in the last 30 days.
Walt Disney Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | TRADE | BEARISH | 02/16/24 | $100.00 | $240.9K | 17.3K | 5.6K |
| DIS | PUT | TRADE | BEARISH | 07/19/24 | $110.00 | $120.9K | 12 | 62 |
| DIS | CALL | SWEEP | BEARISH | 02/16/24 | $100.00 | $107.0K | 17.3K | 2.0K |
| DIS | CALL | SWEEP | BULLISH | 04/19/24 | $85.00 | $88.5K | 2.9K | 105 |
| DIS | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $59.0K | 574 | 0 |
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.
Current Position of Walt Disney
- Currently trading with a volume of 5,107,893, the DIS's price is up by 1.05%, now at $90.39.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 26 days.
What The Experts Say 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.
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.
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