Walt Disney Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Walt Disney (NYSE:DIS), with a majority of investors taking a bearish stance. The trades range from $45.0 to $110.0, with a total of 7 puts and 19 calls. The current price of DIS is $84.57, down by 0.15%, and the RSI indicators suggest the stock may be approaching overbought. The next earnings are expected in 29 days.
October 10, 2023 | 2:46 pm
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Unusual options activity has been detected for Walt Disney (NYSE:DIS), with a majority of investors taking a bearish stance. The current price of DIS is $84.57, down by 0.15%, and the RSI indicators suggest the stock may be approaching overbought.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential downward pressure on the stock price. The current price drop and the RSI indicators suggesting overbought conditions further support this. However, the upcoming earnings release could influence the stock's direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100