CBS Corp (CBS) Offering Possible 13.12% Return Over the Next 8 Calendar Days

CBS Corp's most recent trend suggests a bullish bias. One trading opportunity on CBS Corp is a Bull Put Spread using a strike $52.50 short put and a strike $47.50 long put offers a potential 13.12% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $47.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for CBS Corp is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for CBS Corp is bullish.

The RSI indicator is at 28.22 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


[$$] CBS Seeks Information from AT&T on Talks With Controlling Shareholder
Wed, 08 Aug 2018 01:42:31 +0000
CBS Corp. is seeking information from AT&T Inc. about conversations it had in 2016 with National Amusements Inc., the controlling shareholder of CBS, about a potential acquisition of the media company, according to a court filing. A CBS subpoena, filed Tuesday in Delaware Chancery Court, comes as the company is in a legal battle with National Amusements and its president, Shari Redstone, for control of the company. One of CBS’s arguments in trying to strip National Amusements of voting control is that Ms. Redstone has tried to force CBS to merge with embattled sister company Viacom Inc., while passing up opportunities for other deals that would be better for shareholders.

Questions About Redstone's Health Re-Emerge in CBS Battle
Tue, 07 Aug 2018 17:33:03 +0000
Questions about Sumner Redstone’s health are once again front and center as lawyers for CBS Corp. and the billionaire’s company prepare for a trial in their wrestling match over control of the U.S.’s No. 1 prime-time TV network. CBS wants a Delaware judge to bar National Amusement Inc. from offering testimony about Redstone’s role in fighting directors’ efforts to strip his family of its controlling interest in the media company. The directors, led by Chief Executive Officer Les Moonves, say 95-year-old Redstone’s health problems are so acute that he is “incapable of communicating his views” about a dilution plan designed to slash the Redstone family’s voting control to 17 percent from 79 percent .

Argus Downgrades CBS On Moonves Risks
Tue, 07 Aug 2018 16:14:46 +0000
CBS Corporation (NYSE: CBS ) has successfully stood out as a success story in an era of cord-cutting, but allegations of sexual misconduct against CEO Les Moonves and a legal battle with the Redstone family …

Howard Stern Piles Onto Les Moonves With Sketch Of Poor Character
Tue, 07 Aug 2018 13:00:25 +0000
The CBS Corporation (NYSE: CBS) executive accused by six women of sexual misconduct and assault has piqued a familiar enemy. Stern, who compared CBS CEO Les Moonves to fictional Mafia boss Tony Soprano, said that, 12 years ago, when he departed CBS for Sirius, his former boss struck him with a $500 million lawsuit for alleged breach of contract. The company claimed Stern had failed to disclose details of his Sirius deal and had promoted the new show while still on air at CBS.

CBS Seen Rising 9% Despite Cloud Over CEO Moonves
Tue, 07 Aug 2018 10:00:00 +0000
Some options traders are betting the recent plunge in CBS stock won't last and that it will rise by 9%.

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