Option traders moderately bearish in Disney (DIS), with shares down 61c near $122.88. Options volume relatively light with 15k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.65. Implied volatility (IV30) is higher by 0.5 points near 19.5,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.51. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Jefferies.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DIS:
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!
- Disney Stock Rides High as Analysts Say ‘Profits Are Back & Bigger than Ever’
- ‘It’s Time to Pull the Trigger,’ Says Jefferies About Disney Stock
- Amazon (AMZN) and Netflix Have Saturated the TV Ad Market, and It’s Hurting FAST Channels
- ESPN renews talks to keep MLB on network, The Athletic reports