Unusual Options Activity In Disney

Disney has been making a lot of noise as of late. Since announcing Disney+, schedule to launch in the Fall, the stock has been a tear, up almost 20% since the announcement.

Disney is forecasting between 60 million and 90 million subscribers to its streaming service within five years.  According to a survey by the website Streaming Observer in partnership with data analysis firm Mindnet Analytics, ss much as 14.5% of Netflix’s current U.S. subscriber base of 60 million said they are considering canceling the service in order to sign up for Disney+.  Subscribers to all of Disney’s services would get Disney+, Hulu, a multichannel live-TV service, plus live sports via ESPN+.

Then there is Avengers: Endgame.

The U.S. box office is gearing up for a record weekend, with the release of “Avengers: Endgame” expected to chalk up $275 million in box-office receipts and provide the next catalyst for shares of Walt Disney Co.

Cinema chain AMC Entertainment Holding Inc. AMC, +0.65% said earlier that the film has already set a record for Thursday-night box office, a fact confirmed by Disney DIS, +1.95% . The record has shattered AMC’s previous record for single-movie screenings over a weekend, and the film will have 10,000 more showtimes than the previous record weekend, held by the opening of “Avengers: Infinity War” in 2018.

“We have set aside approximately 10 million seats and 58,000 showtimes for this historic event,” said AMC CEO Adam Aron, according to a company statement.

It also registered the biggest-ever opening day in Indonesia, Malaysia, the Netherlands, Greece, Portugal, Bosnia-Herzegovina, the Czech Republic, Serbia, Slovakia, Turkey and Ukraine, he said.

IMAX Corp said the film delivered its biggest-ever opening in China, generating $21 million at the box office and helping it to its second strongest quarterly performance in China of $106 million.


All the reason for the Smart Money to be bullish on Disney. I noticed on Friday that the Smart Money bought a ton of the call options with a strike price at $150 that expire on May 31st.

After basing for four years within a $30 range, price is finally breaking out and the Smart Money is well on their way of ringing the register in the coming weeks.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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