Deep-pocketed investors have adopted a bullish approach towards $Disney (DIS.US)$, 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 49 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 63% leaning bullish and 36% bearish. Among these notable options, 18 are puts, totaling $1,293,679, and 31 are calls, amounting to $1,851,476.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75 to $125 for Walt Disney over the recent three months.
Insights into 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 $75 to $125 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 | PUT | TRADE | BEARISH | 01/17/25 | $75.00 | $318.4K | 15.1K | 1.6K |
DIS | CALL | SWEEP | NEUTRAL | 01/17/25 | $100.00 | $225.0K | 12.4K | 283 |
DIS | CALL | SWEEP | BEARISH | 07/19/24 | $110.00 | $215.1K | 414 | 745 |
DIS | CALL | TRADE | BULLISH | 02/09/24 | $100.00 | $168.0K | 6.2K | 1.3K |
DIS | PUT | SWEEP | BULLISH | 04/19/24 | $100.00 | $138.0K | 2.9K | 276 |
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.
After a thorough review of the options trading surrounding Walt Disney, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Walt Disney Standing Right Now?
With a trading volume of 11,317,313, the price of DIS is up by 0.23%, reaching $96.87.
Current RSI values indicate that the stock is may be overbought.
Next earnings report is scheduled for 1 days from now.
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.