Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Christine McCarthy, will be stepping down from her role and taking a family medical leave of absence, the company announced on Thursday. MICHAEL KOVAC/GETTY IMAGES
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.
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.
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