Decoding Walt Disney's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Significant investors have taken a predominantly bearish stance on Walt Disney (NYSE:DIS) based on recent options activity. Benzinga's options scanner detected 12 uncommon trades, with 58% being bearish. The trades suggest a price range of $80.0 to $145.0 for DIS over the next three months. Current trading volume is 2,255,818, with the stock price at $92.92. Analysts have mixed ratings, with an average target price of $133.33.
July 30, 2024 | 2:45 pm
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Significant investors have taken a predominantly bearish stance on Walt Disney (NYSE:DIS) based on recent options activity. Benzinga's options scanner detected 12 uncommon trades, with 58% being bearish. The trades suggest a price range of $80.0 to $145.0 for DIS over the next three months.
The detection of 12 uncommon options trades with a majority being bearish indicates that significant investors expect a decline in Walt Disney's stock price. This sentiment is likely to influence short-term market behavior, potentially leading to a decrease in DIS's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100