Investors with a lot of money to spend have taken a bearish stance on Walt Disney DIS.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 17 options trades for Walt Disney.
This isn't normal.
The overall sentiment of these big-money traders is split between 47% bullish and 52%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $52,000, and 16, calls, for a total amount of $901,606.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $125.0 for Walt Disney, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $80.0 to $125.0 in the last 30 days.
Walt Disney 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | SWEEP | BEARISH | 03/15/24 | $90.00 | $208.0K | 8.9K | 103 |
| DIS | CALL | SWEEP | BULLISH | 03/15/24 | $95.00 | $134.7K | 11.4K | 105 |
| DIS | CALL | SWEEP | BEARISH | 01/16/26 | $80.00 | $79.1K | 513 | 20 |
| DIS | CALL | TRADE | BULLISH | 03/15/24 | $105.00 | $62.0K | 10.8K | 85 |
| DIS | CALL | SWEEP | BEARISH | 09/20/24 | $100.00 | $56.8K | 4.4K | 132 |
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.
Current Position of Walt Disney
- With a trading volume of 2,053,918, the price of DIS is down by -0.85%, reaching $110.65.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 78 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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