Notable Call Buying in Disney (DIS) Amid News Comcast (CMCSA) Will Drop Bid for 21st Century Fox (FOXA) Assets -Susquehanna

Susquehanna options strategist Alison Edwards notes continued bullish options activity in Disney (NYSE: DIS), amid news Comcast (NASDAQ: CMCSA) will no longer pursue an acquisition of 21st Century Fox (NASDAQ: FOXA) assets. With shares of Walt Disney rallying on news CMCSA will not pursue FOX assets, trading in Sept and Oct options appears bullish. More specifically, investors have bought ~7k Sep 120 (.30d) calls for up to ~$1.67, followed by 6k Oct 120 Calls for $2.28. Investors also appeared to buy ~3k Aug 115 Calls. DIS earnings are expected on 8/7.

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