Whales with a lot of money to spend have taken a noticeably bearish stance on Walt Disney.
Looking at options history for Walt Disney (NYSE:DIS) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $168,420 and 7, calls, for a total amount of $375,972.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $150.0 for Walt Disney over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Walt Disney’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Walt Disney’s significant trades, within a strike price range of $65.0 to $150.0, over the past month.
Walt Disney 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DIS | CALL | TRADE | BEARISH | 01/17/25 | $48.1 | $47.5 | $47.74 | $65.00 | $119.3K | 362 | 25 |
| DIS | CALL | TRADE | BEARISH | 01/16/26 | $47.9 | $47.6 | $47.6 | $70.00 | $95.2K | 309 | 0 |
| DIS | PUT | TRADE | BULLISH | 05/10/24 | $8.15 | $8.1 | $8.1 | $118.00 | $57.5K | 1.9K | 89 |
| DIS | PUT | TRADE | NEUTRAL | 06/21/24 | $4.2 | $4.1 | $4.15 | $110.00 | $41.5K | 7.8K | 286 |
| DIS | CALL | SWEEP | BEARISH | 06/21/24 | $1.96 | $1.95 | $1.96 | $120.00 | $39.5K | 14.6K | 10.7K |
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
- With a trading volume of 1,671,811, the price of DIS is down by -0.16%, reaching $110.92.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 6 days from now.
Expert Opinions on Walt Disney
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $137.6.
- An analyst from JP Morgan has revised its rating downward to Overweight, adjusting the price target to $140.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Walt Disney, targeting a price of $130.
- An analyst from Wells Fargo persists with their Overweight rating on Walt Disney, maintaining a target price of $141.
- Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Walt Disney with a target price of $137.
- An analyst from Guggenheim persists with their Buy rating on Walt Disney, maintaining a target price of $140.
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.