Options/DIS

DISThe Walt Disney Company

Options Analysis Report•SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION

Market Cap $182.7B|NYSE

● 2026-09-11$105.82

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y -9.6%YTD -5.4%7D +0.5%

Options Vol

16,225

30D

Implied Move

±7.2%

IV Rank

DIS Options Overview

IV is low. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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DIS Gamma Walls

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Value

Is IV priced right?

8.8

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks8/9 checks passed

IV Rank

≤35%

IV Rank 22.7% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.01x — IV ≤ HV

Sector Relative≤50%

Sector percentile 7% — below sector median

Term Structure

<1.1x

Front/Back 0.86x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 26.9% — normal range

Spread-Adjusted Value

<80%

Effective IV 40.5% (ATM 26.9% + spread 6.8% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 11.22% (spread 6.79% + slippage 4.43%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 8.36 (vega 5.678 / spread 6.79%) — efficient

Sentiment

Bullish or bearish?

6.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: +8%, Raw: +5%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +8% (neutral) — Raw: +5%

OI Skew Magnitude

≥15%

|OI skew| 18.3% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +27.1%, OI skew +18.3% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 25%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +19%, ATM: +7%, OTM: +2% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 31% — bullish vs sector

Activity

Unusual activity?

2.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.5x avg — normal

Turnover Rate

≥15%

Vol/OI 2.4% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -0.4% (5d) — stable

Sector Relative≥60%

Sector activity percentile 53% — neutral vs sector

Trade Quality

≥30%

Large trade volume 4% — mostly retail

Execution Urgency

≥60%

Aggressive execution 36% — patient

Flow Conviction

≥30

Conviction +8 (bullish) — mixed

Liquidity

Can I trade efficiently?

5.7

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks5/8 checks passed

Tradeable Spread

≤5.0%

Spread 6.8% — wide

Adequate OI

≥10,000

OI 678,312 — deep

Active Volume

≥500

Volume 16,225/day — active

Reasonable Cost

≤$0.50

$0.34 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 24% — tighter than sector

Order Book Depth

≥100 contracts

Depth 121.6 contracts (bid:56.3 ask:65.3) — adequate

Execution Quality

<1.0%

Avg slippage 4.43% — poor

Timing

Is now a good time?

6.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -14.3% — contango

IV Percentile Clarity

<30 or >70

IV percentile 23% — buyer opportunity

Event Detection

≥10pts kink

IV kink -2.3pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 81.34 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +8% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

Score 34 (ITM 20% + inst 4%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls7.2

bullishIV cheap, bullish flow

Long Puts6.0

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.7

bullishIV too cheap, bullish flow

Covered Call3.6

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on DIS

DIS gamma walls DIS option chain DIS max pain DIS expected move DIS IV rank DIS put/call ratio DIS options flow