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Walt Disney Unusual Options Activity For November 17

Benzinga logo Benzinga 11/17/2022 Benzinga Insights

A whale with a lot of money to spend has taken a noticeably bearish stance on Walt Disney.

Looking at options history for Walt Disney (NYSE:DIS) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $315,243 and 4, calls, for a total amount of $136,792.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $270.0 for Walt Disney over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Walt Disney options trades today is 4774.78 with a total volume of 831.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Walt Disney's big money trades within a strike price range of $80.0 to $270.0 over the last 30 days.

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Walt Disney Option Volume And Open Interest Over Last 30 Days

Options Call Chart © Provided by Benzinga Options Call Chart

Biggest Options Spotted:

 
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DIS PUT SWEEP BULLISH 01/19/24 $270.00 $89.3K 827 21
DIS PUT TRADE BEARISH 01/19/24 $270.00 $89.2K 827 5
DIS PUT SWEEP BULLISH 11/18/22 $95.00 $51.1K 19.5K 345
DIS CALL TRADE BEARISH 09/15/23 $95.00 $44.8K 12 70
DIS CALL TRADE BULLISH 03/17/23 $90.00 $34.7K 1.6K 49

Where Is Walt Disney Standing Right Now?

With a volume of 1,141,111, the price of DIS is down -2.54% at $91.56. RSI indicators hint that the underlying stock is currently neutral between overbought and oversold. Next earnings are expected to be released in 83 days.

What The Experts Say On Walt Disney:

Rosenblatt has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $120. Credit Suisse has decided to maintain their Outperform rating on Walt Disney, which currently sits at a price target of $126. JP Morgan has decided to maintain their Overweight rating on Walt Disney, which currently sits at a price target of $135. UBS has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $135. Keybanc has decided to maintain their Overweight rating on Walt Disney, which currently sits at a price target of $119.

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.

If you want to stay updated on the latest options trades for Walt Disney, Benzinga Pro gives you real-time options trades alerts.

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