What the Options Market Tells Us About Walt Disney
Portfolio Pulse from Benzinga Insights
Investors have shown a bullish stance on Walt Disney (NYSE:DIS) through significant options trading activity, as detected by Benzinga's options scanner. A total of 33 uncommon options trades were spotted, with a sentiment split of 57% bullish and 43% bearish. The trades include 10 puts and 23 calls, indicating a predicted price range for DIS between $60.0 and $140.0. Recent analyst ratings have set a consensus target price of $137.75 for DIS, with individual targets ranging from $130 to $141. The current market status shows DIS stock up 0.78% at $113.5, with an RSI indicating a neutral position and earnings expected in 4 days.
May 03, 2024 | 8:16 pm
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POSITIVE IMPACT
Walt Disney shows bullish investor sentiment through options trading, with a price target consensus of $137.75 by analysts. Current stock price is $113.5, with earnings expected in 4 days.
The bullish sentiment in options trading, combined with the upcoming earnings release and positive analyst ratings, suggests a potential short-term uptick in DIS stock price. The significant options activity, especially the higher volume of calls, indicates investor confidence in the stock's future performance. Analyst consensus on a higher target price further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100