
As I gazed at Wednesday's unusual options activity this morning in preparation for writing this article, the first thing that jumped out was Walt Disney’s (DIS) put options.
The House that Walt built had four put options yesterday exhibiting unusual options activity, including one with volume of 12,831, 18.30x the open interest, giving it the seventh highest Vol/OI ratio on the day. The three others had Vol/OI ratios higher than 3.0x.