The Walt Disney Company (NYSE:DIS) – Front month call options changing hands on The Walt Disney Company (NYSE:DIS) today suggest some traders are positioning for shares in the name to break well above recent all-time highs in the near future. The stock, up some 50% since this time last year, increased 0.45% near the open this morning to touch a record high of $65.09 after Iron Man 3, produced by Marvel Studios, a division of the The Walt Disney Company (NYSE:DIS), earned more than $175 million in its opening weekend in North America. Traders betting the stock pushes to fresh highs snapped up roughly 2,800 calls at the May $67.5 strike for an average premium of $0.48 apiece during the first half of the session. Call buyers make money at expiration if shares in Disney surge 4.4% over today’s high of $65.09 to top the average breakeven point at $67.98. The Walt Disney Company (NYSE:DIS) reports second-quarter earnings after the closing bell tomorrow.
Virgin Media Inc. (NASDAQ:VMED) – Big prints in Virgin Media Inc. (NASDAQ:VMED) put options on Monday morning indicates at least one trader is bracing for shares in the name to potentially pull back off recent record highs. Shares in Virgin Media Inc. (NASDAQ:VMED) earlier today rallied 0.40% to touch a fresh all-time high of $50.31. The stock has more than doubled since this time last year and is up roughly 1600% since touching down at a 2008 financial-crisis low of $2.96. The May $50 strike put contracts traded approximately 5,000 times by midday in New York versus open interest of just 15 contracts. It looks like most of the volume was purchased at a premium of $0.55 each, thus positioning buyers to profit in the event that Virgin Media Inc. (NASDAQ:VMED)’s shares slip 1.7% from today’s high of $50.31 to breach the effective breakeven point on the downside at $49.45 by expiration next week.