Disney (DIS) shares are showing great relative strength as it nears a breakout above monthly value resistance of 112 and has consolidated the post earnings dip well as a name with a lower beta. DIS is seeing MACD cross higher and potential to run up to test the earnings day high now at 118 and the bigger objective likely the 2023 highs of 123. DIS has seen buyers this week for March $112 calls for over 1600x and still has 15,000 March $120 calls in OI while the September $90 puts sold to open 4000x at $1.42 on Wednesday.