Find out what whales are doing with DIS

A whale with plenty of cash to spend has taken a noticeably bearish stance on Walt Disney.

Reviewing the option history for Walt Disney DIS, we detected 38 strange transactions.

If we consider the specifics of each trade, it is correct to say that 39% of investors opened trades with bullish expectations and 60% with bearish expectations.

Of all the transactions identified, 23 are puts, for a total amount of $2,017,566 and 15 are calls, for a total amount of $773,612.

What is the target price?

Given the volume and open interest on these contracts, it appears that the whales have targeted a price range of $70.0 to $115.0 for Walt Disney over the course of for the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for Walt Disney options trades today is 2,643.23 with a total volume of 38,323, 00.

In the following graph, we are able to track the development of the volume and open interest of call and put options for large Walt Disney trades within a range strike price from $70.0 to $115.0 in the last 30 days.

Walt Disney Options volume and open interest in the last 30 days The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume SAY PUT TRADE BULLISH 01/19/24 $85.00 $618,000 2.2K 635 SAY PUT TRADE BEARISH 01/19/24 $110.00 $204,100 4.9K 1.0K SAY PUT TRADE BEARISH 01/19/24 $110.00 $201.6K 4.9K 1.1K SAY PUT SWEEP BEARISH 11/11/22 $104.00 $138,000 1.5K 219 SAY CALL SWEEP BEARISH 04/21/23 $90.00 $110,000 223 145

Where is Walt Disney right now? With a volume of 36,688,792, the DIS price is down -12.15% to $87.77. RSI indicators suggest that the underlying stock may be oversold. The next results should be published in 91 days. What experts say about Walt Disney: Rosenblatt has decided to maintain his buy rating on Walt Disney, which currently sits at a price target of $120. Barclays has decided to maintain its Equal-Weight rating on Walt Disney, which currently sits at a price target of $98. UBS has decided to maintain its buy rating on Walt Disney, which currently sits at a price target of $135. JP Morgan has decided to maintain its overweight rating on Walt Disney, which currently sits at a price target of $135. Goldman Sachs has decided to maintain its buy rating on Walt Disney, which currently sits at a price target of $118.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay informed about the latest options trades for Walt Disney, Benzinga Pro gives you real-time alerts on options trades.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.