Feb. 12 at 5:28 PM
$DIS getting hammered with a 6% drop
Options traders piling into March puts at 95, 90, and 85 strikes
About 3,387 contracts with around
$200K premium
No new headlines driving this, just pure downside momentum
Over the last 5 days,
$DIS down 4.3% with 85% of flow in puts
Market's definitely in a defensive stance
New longs should be careful, maybe hedge or wait for some price stability
