Thu. 2 Dec 2021, 11:56am ETBenzinga
In: Options, Markets

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

Looking at options history for Walt Disney (NYSE:DIS) we detected 39 strange trades.

If we consider the specifics of each trade, it is accurate to state that 56.41% of the investors opened trades with bullish expectations and 43.59% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $1,068,688.00 and 30, calls, for a total amount of $1,784,087.00.

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 $90.0 to $270.0 for Walt Disney over the last 3 months.

Volume & Open Interest Development

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 $90.0 to $270.0 in the last 30 days.

Walt Disney Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DIS CALL TRADE BULLISH 01/19/24 $90.00 $625.0K 288 100
DIS PUT SWEEP BEARISH 12/17/21 $155.00 $623.8K 27.7K 952
DIS CALL TRADE BEARISH 01/20/23 $170.00 $215.0K 6.2K 227
DIS PUT SWEEP BEARISH 12/17/21 $155.00 $105.0K 27.7K 352
DIS PUT SWEEP NEUTRAL 01/21/22 $145.00 $95.8K 27.9K 238

Where Is Walt Disney Standing Right Now?

  • With a volume of 6,811,297.00, the price of DIS is up 2.72% at $146.01.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 70 days.

What The Experts Say On Walt Disney:

  • Atlantic Equities downgraded its action to Neutral with a price target of $172.0
  • Citigroup has decided to maintain their Buy rating on Walt Disney, which currently sits at a price target of $210.0.
  • Wells Fargo has decided to maintain their Overweight rating on Walt Disney, which currently sits at a price target of $196.0.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.