High-rolling investors have positioned themselves bullish on Walt Disney DIS, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DIS often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Walt Disney. This is not a typical pattern.
The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $223,300, and 7 calls, totaling $481,756.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $115.0 for Walt Disney over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Walt Disney stands at 2763.88, with a total volume reaching 789.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Walt Disney, situated within the strike price corridor from $50.0 to $115.0, throughout the last 30 days.
Walt Disney Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | PUT | TRADE | BULLISH | 09/20/24 | $110.00 | $223.3K | 1.1K | 0 |
| DIS | CALL | SWEEP | BULLISH | 03/28/24 | $112.00 | $199.5K | 1.2K | 15 |
| DIS | CALL | TRADE | BEARISH | 03/15/24 | $50.00 | $123.2K | 46 | 20 |
| DIS | CALL | SWEEP | BEARISH | 07/19/24 | $115.00 | $52.7K | 882 | 85 |
| DIS | CALL | TRADE | BULLISH | 03/22/24 | $110.00 | $30.1K | 1.8K | 562 |
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.
Where Is Walt Disney Standing Right Now?
- With a trading volume of 2,445,485, the price of DIS is down by -0.44%, reaching $111.57.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 54 days from now.
Expert Opinions on Walt Disney
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $135.5.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Walt Disney, which currently sits at a price target of $135.
- Reflecting concerns, an analyst from Tigress Financial lowers its rating to Buy with a new price target of $136.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Walt Disney options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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