What the Options Market Tells Us About Walt Disney

Author: Benzinga Insights | March 28, 2024 11:01am

Financial giants have made a conspicuous bearish move on Walt Disney. Our analysis of options history for Walt Disney (NYSE:DIS) revealed 10 unusual trades.

Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $183,536, and 6 were calls, valued at $281,843.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $111.0 and $135.0 for Walt Disney, spanning the last three months.

Volume & Open Interest Trends

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 $111.0 to $135.0 in the last 30 days.

Walt Disney Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
DIS	CALL	SWEEP	BULLISH	04/19/24	$115.00	$89.5K	29.3K	880
DIS	PUT	TRADE	BEARISH	04/19/24	$122.00	$70.3K	182	335
DIS	CALL	TRADE	NEUTRAL	05/17/24	$120.00	$62.7K	9.9K	188
DIS	CALL	SWEEP	BEARISH	04/19/24	$120.00	$46.5K	32.4K	29.0K
DIS	PUT	SWEEP	BULLISH	04/05/24	$120.00	$44.0K	1.0K	1

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.

Walt Disney's Current Market Status

• With a trading volume of 4,455,237, the price of DIS is up by 1.06%, reaching $122.26.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 41 days from now.

Professional Analyst Ratings for Walt Disney

4 market experts have recently issued ratings for this stock, with a consensus target price of $134.5.

• An analyst from Raymond James downgraded its action to Outperform with a price target of $128.
• An analyst from Barclays has elevated its stance to Overweight, setting a new price target at $135.
• An analyst from Morgan Stanley persists with their Overweight rating on Walt Disney, maintaining a target price of $135.
• Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Walt Disney, targeting a price of $140.

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.

Posted In: DIS