DISThe Walt Disney Company
Options Analysis Report•SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Market Cap $188.3B|NYSE
● 2026-04-17$106.29
BULLISH
Analysis: 2026-04-16 EOD data
1Y +26.5%YTD -5.0%7D +7.2%
Options Vol
42,039
30D
Implied Move
±9.9%
IV Rank
40%
DIS Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.1
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 35.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.39x — IV premium over HV
Sector Relative≤50%
Sector percentile 33% — below sector median
Term Structure
<1.1xFront/Back 0.83x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.4% — normal range
Spread-Adjusted Value
<80%Effective IV 49.4% (ATM 32.4% + spread 8.5% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 13.20% (spread 8.48% + slippage 4.72%) — high friction
Vega Efficiency
≥5.0Vega efficiency 12.00 (vega 10.172 / spread 8.48%) — efficient
Sentiment
Bullish or bearish?
7.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +18%, Raw: +16%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +18% (bullish) — Raw: +16%
OI Skew Magnitude
≥15%|OI skew| 13.6% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +28.8%, OI skew +13.6% — aligned
Conviction Quality
≥2/3 conditions0-DTE 32%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +11%, ATM: +14%, OTM: +17% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 75% — very bearish vs sector
Activity
Unusual activity?
4.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 6.3% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +6.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 50% — neutral vs sector
Trade Quality
≥30%Large trade volume 33% — institutional presence
Execution Urgency
≥60%Aggressive execution 41% — patient
Flow Conviction
≥30Conviction +18 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.4
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 8.5% — wide
Adequate OI
≥10,000OI 667,689 — deep
Active Volume
≥500Volume 42,039/day — active
Reasonable Cost
≤$0.50$0.42 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 41% — neutral vs sector
Order Book Depth
≥100 contractsDepth 204.5 contracts (bid:94.8 ask:109.7) — adequate
Execution Quality
<1.0%Avg slippage 4.72% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -17.2% — contango
IV Percentile Clarity
<30 or >70IV percentile 36% — neutral
Event Detection
≥10pts kinkIV kink -7.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 99.92 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 19d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +18% @ 59% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 63 (ITM 20% + inst 33%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.8
bullishIV cheap, bullish flow
Long Puts5.1
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.8
bullishIV too cheap, bullish flow
Covered Call4.4
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.