Investors with a lot of money to spend have taken a bearish stance on Walt Disney (NYSE:DIS).
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 25 uncommon options trades for Walt Disney.
This isn’t normal.
The overall sentiment of these big-money traders is split between 44% bullish and 56%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $439,181, and 16 are calls, for a total amount of $915,474.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $120.0 for Walt Disney during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Walt Disney’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Walt Disney’s substantial trades, within a strike price spectrum from $40.0 to $120.0 over the preceding 30 days.
Walt Disney Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DIS | CALL | TRADE | BEARISH | 01/19/24 | $90.00 | $144.2K | 22.4K | 725 |
| DIS | CALL | SWEEP | BULLISH | 01/19/24 | $90.00 | $137.9K | 22.4K | 995 |
| DIS | CALL | SWEEP | BULLISH | 01/19/24 | $90.00 | $120.9K | 22.4K | 42 |
| DIS | PUT | TRADE | BEARISH | 12/15/23 | $95.00 | $77.4K | 6.3K | 1.2K |
| DIS | PUT | TRADE | BEARISH | 12/15/23 | $95.00 | $77.3K | 6.3K | 1.6K |
About Walt Disney
Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker. These characters and others are featured in several Disney theme parks around the world. Disney makes live-action and animated films under studios such as Pixar, Marvel, and Lucasfilm and also operates media networks including ESPN and several TV production studios. Disney shifted into a more streaming-focused firm by acquiring the remainder of Hulu and launching Disney+ and ESPN+. Across its streaming platforms, Disney had over 235 million subscribers as of September 2022, up sharply from under 64 million in December 2019.
Having examined the options trading patterns of Walt Disney, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Walt Disney
- With a volume of 4,824,848, the price of DIS is up 0.42% at $94.85.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 77 days.
What Analysts Are Saying About Walt Disney
In the last month, 2 experts released ratings on this stock with an average target price of $108.0.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Walt Disney with a target price of $115.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Walt Disney with a target price of $101.
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.
