Post-Earnings High Lures The Walt Disney Company (DIS) Traders

Walt Disney Co (DIS) hit a record high out of the gate

May 5, 2015 at 10:43 AM
facebook X logo linkedin


Walt Disney Co (NYSE:DIS) jumped to a record high of $113.30 out of the gate, following an impressive turn in the earnings confessional, and was last seen up 0.5% at $111.57. As a result, the blue chip's options are being exchanged at nearly five times the usual late-morning rate.

The weekly 5/8 series is popular among traders. Specifically, it appears the weekly 5/8 112-strike call and 110-strike put are seeing buy-to-open activity. The call buyers anticipate DIS will muscle back atop $112 by week's end -- when the series expires -- while the put traders think the shares will close Friday south of $110.

Longer term, it's been call buyers that have held a decisive advantage over their bearish counterparts. During the last 10 days at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), option players have bought to open 3.18 calls for every put -- a ratio that ranks in the 94th percentile of its annual range.

However, not everyone is bullish on Walt Disney Co (NYSE:DIS). Currently, 41.7 million shares are sold short, which would take over seven sessions to buy back, at the stock's typical trading volume. If DIS continues running to higher highs, a short-covering rally could ensue.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI