Sep. 18 at 3:28 PM
$DIS looking rough
Near-term put buying is stacking up as Disney continues its week-long slide
Down 1.5% today and 2.8% over the past 5 days
Traders are locking in downside protection near the
$100 strike into mid-October instead of chasing calls
Options premiums tell the story
83% to 100% of them have gone into puts, showing 3.5 to 4.9 times the momentum even with low trade counts
That means the sentiment is skewed toward protection
1,140 contracts swept on the ask side for 10/16
$100 puts
Around
$160K premium, 3% OTM, 28 DTE
That's roughly 40% of the total volume
