Walt Disney Stock Shifts Higher on Disney+ Expansion

Options look attractive at the moment on DIS

Managing Editor
Dec 16, 2019 at 9:23 AM
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Dow stock Walt Disney Co (NYSE:DIS) is enjoying a lift higher this morning, buzzing on the back of news it will be debuting its Disney+ streaming services in France this coming March. The company struck a deal with Canal+, a subsidiary of pay-TV platform Vivendi, this past weekend. In response, DIS is up 0.8% before the open.

Walt Disney stock is continuing its trend higher on the charts, already an impressive outperformer in 2019. The shares have added 33% in this time frame, and just last month touched a record high of $153.41, closing Friday at $146.38. With today's lift, the equity is continuing to inch even closer toward the aforementioned record-high territory.

Plus, now looks like the perfect time to bet on Disney stock with options. The equity's Schaeffer's Volatility Index (SVI) of 19% is in the 19th percentile of its annual range, meaning short-term options on the security are relatively inexpensive at the moment, from a volatility standpoint.


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