Disney Options Traders See Stock Dipping This Much By July Expiration
Portfolio Pulse from Lisa Levin
Disney's CFO Christine McCarthy is stepping down and taking a family medical leave of absence. Options traders expect Disney's stock to drop more than 14% by July expiration. Kevin Lansberry will serve as Interim CFO from July 1.
June 16, 2023 | 12:03 pm
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NEGATIVE IMPACT
Disney's CFO steps down, leading to a potential 14% stock drop by July expiration. Kevin Lansberry will be the Interim CFO.
Disney's CFO stepping down may cause uncertainty among investors, leading to a potential 14% stock drop by July expiration. The appointment of an Interim CFO may help stabilize the situation, but the short-term impact is still negative.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100