Disney continued to gain nearly 3% in morning trading as its options traders saw more than 30% upside.
Michael Khouw of Optimize Advisors said that Walt Disney traded more than 6.3 times its average daily call volume on Thursday. “Our fund is actually long in the stock,” he added.
There were buyers of 2,500 of the June 2023 weekly 150-calls at an average price of $4.90 per contract, Khouw mentioned. Traders see 30% or more upside in Walt Disney shares in less than a year.
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