$DIS rose to 108.99, up just 0.5%. The contracts only traded $400,000 in a day.
At that volume, basically nobody is trading this.
The news is that Disney wants to acquire Character AI's assets. The company is going through bankruptcy proceedings. When a giant goes bankrupt and sells off its assets, Disney is hoping to snap them up.
It sounds exciting, but in the short term, it doesn’t have much to do with the price of 109. If volume doesn’t pick up, it means big money hasn’t come in; it’s still just traders moving things around among themselves.
I don’t think this rally has much steam. With only $400,000 in volume, it won’t take much selling pressure to push it back down. If it breaks below 108, then I was wrong, and I’ll own it.
#DIS #News
At that volume, basically nobody is trading this.
The news is that Disney wants to acquire Character AI's assets. The company is going through bankruptcy proceedings. When a giant goes bankrupt and sells off its assets, Disney is hoping to snap them up.
It sounds exciting, but in the short term, it doesn’t have much to do with the price of 109. If volume doesn’t pick up, it means big money hasn’t come in; it’s still just traders moving things around among themselves.
I don’t think this rally has much steam. With only $400,000 in volume, it won’t take much selling pressure to push it back down. If it breaks below 108, then I was wrong, and I’ll own it.
#DIS #News