Weekly Calls In Play On The Walt Disney Company (DIS) As Shares Rise To Record Highs

Page 1 of 2

The Walt Disney Company (NYSE:DIS) – Trading traffic in weekly call options on The Walt Disney Company (NYSE:DIS) suggests traders are positioning for shares in the name to extend gains, with the stock up as much as 2.2% at a new all-time high of $63.25 today on the heels of an upgrade to ‘Buy’ from ‘Neutral’ with a target price of $72.00 at UBS. Shares in The Walt Disney Company (NYSE:DIS) are up nearly 50% since this time last year. Traders betting the stock pushes to fresh highs this week appear to be buying the May 03 ’13 $65 strike weekly calls. Roughly 400 contracts have changed hands versus open interest of 13 contracts as of 12:30 p.m. ET, and it looks like the bulk of the volume was purchased in the early going for an average premium of $0.07 per contract. Weekly call buyers make money at expiration this week if shares in Disney increase another 2.9% over today’s high of $63.25 to top the average breakeven point at $65.07. The Walt Disney Company (NYSE:DIS) reports second-quarter earnings after the closing bell next Tuesday.

The Walt Disney Company (NYSE:DIS)

Nam Tai Electronics, Inc. (NYSE:NTE) – Buyers of bearish options on electrical components and products provider, Nam Tai Electronics, Inc. (NYSE:NTE), last week prior to the company’s first-quarter earnings report ahead of the open this morning are seeing big gains in the value of those contracts, with shares in the name tumbling more than 30% today to the lowest level since August of 2012. Traders last week snapped up front month put options, buying around 1,500 lots at the May $10 strike for an average premium of $0.40 each and roughly 575 puts at the May $12.5 strike at an average premium of $1.48 apiece. The sharp selloff in shares of Nam Tai Electronics, Inc. (NYSE:NTE) today now finds the $10 and $12.5 strike put contracts changing hands at $2.40 and $5.00 apiece, respectively, as of 12:15 p.m. in New York. Overall options volume in excess of 12,000 contracts in play on Nam Tai Electronics, Inc. (NYSE:NTE) today is substantial versus the stock’s average daily volume of around 800 contracts. Shares in the name are currently down 33% on the day at $7.57.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!