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Walt Disney Co’s (NYSE: DIS) senior executive vice president and chief financial officer, Christine McCarthy, will be stepping down from her role and taking a family medical leave of absence, the company announced on Thursday.
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On CNBC’s “Options Action,” Mike Khouw of Optimize Advisors said Disney was the third busiest among consumer discretionary single stock options on Thursday.
There was a buyer of 25,000 of the July 80-puts at an average price of 25 cents per contract, Khouw mentioned.
Traders expect Disney’s stock to drop more than 14% by July expiration.
Veteran Disney executive Kevin Lansberry will serve as the company’s Interim CFO, effective July 1, the company said.
Disney shares gained 0.5% to close at $92.94 on Thursday and lost 0.5% in the after-hours trading session.
Zenger News does not provide investment advice.
Produced in association with Benzinga