Looking At Walt Disney's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Walt Disney (NYSE:DIS) has seen unusual options activity, with a mix of bullish and bearish sentiments among big-money traders. A total of 17 options trades were spotted, with a notable split in sentiment: 47% bullish and 52% bearish. The trades focused on a price range between $80.0 and $125.0 for DIS. Noteworthy trades include both calls and puts with varying sentiments and expiration dates. The current stock price of DIS is $110.65, down by -0.85%, and the stock may be overbought according to current RSI values. The next earnings report is due in 78 days.
February 20, 2024 | 3:45 pm
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Walt Disney has experienced unusual options activity indicating mixed sentiments among investors, with a focus on a price range between $80 and $125. The stock is currently down by -0.85% and may be overbought.
The unusual options activity in DIS, with a nearly even split between bullish and bearish sentiments, suggests uncertainty about the stock's short-term direction. The focus on a price range between $80 and $125 indicates where big-money traders expect the stock to move. However, the current downtrend and the indication that the stock may be overbought could temper expectations for a significant short-term price increase. The upcoming earnings report in 78 days will likely be a critical event for the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100