"Deadpool & Wolverine" brought in over $200 million for its opening weekend
The shares of Walt Disney Co (NYSE:DIS) was last seen up 1.3% to trade at $91.07, after "Deadpool & Wolverine” made a record debut as an R-rated film and brought in over $200 million for its opening weekend.
DIS is back above familiar support around the $90 region, after slipping below it last week. Overhead pressure at the $99 level rejected the security twice this month, while the 40-day moving average capped a rally in June. Over the last three months, Walt Disney stock shed 18.7%.
The brokerage bunch is already bullish on DIS, with 22 of the 27 firms in coverage calling it a "buy" or better. Plus, the 12-month consensus target price of $123.49 is a 35.7% premium to current levels.
The options pits echo that optimism, per the equity's 50-day call/put volume ratio of 4.04 at over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 98% of readings from the past year. This indicates these bullish bets are getting picked up at a much quicker-than-usual clip.