Discovery (DISCA) Offering Possible 13.64% Return Over the Next 21 Calendar Days

Discovery's most recent trend suggests a bullish bias. One trading opportunity on Discovery is a Bull Put Spread using a strike $27.50 short put and a strike $22.50 long put offers a potential 13.64% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $27.50 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $22.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Discovery is bearish and the probability of a decline 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 Discovery is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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

LATEST NEWS for Discovery

Reuters Lifestyle & Entertainment, June 26, 1500 GMT/1100 ET
Tue, 26 Jun 2018 15:01:13 +0000
Tuesday, June 26 – Contact info for Reuters Entertainment & Lifestyle editors Jill Serjeant in New York +1 646 223 5968 ——————————————————- ENTERTAINMENT Video makers …

German broadcaster ARD says ProSieben-Discovery streaming plan ‘interesting'
Tue, 26 Jun 2018 14:59:32 +0000
Public broadcaster ARD said it would consider an invitation to join a German TV streaming platform being set up by ProSiebenSat.1 Media and Discovery Inc, although it was too early to say it would do so. “It's an interesting development for the market – we will examine it closely,” ARD Chairman Ulrich Wilhelm told a news conference in Berlin on Tuesday, after a two-day meeting of its governing body. ProSieben and Discovery said on Monday that they would fold their Maxdome and Eurosport Player services into their existing 7TV alliance, creating a challenger to Netflix, Amazon Prime and YouTube.

Imperial Capital Says Patience Will Pay Off For Discovery Communications Investors
Tue, 26 Jun 2018 14:32:24 +0000
Discovery not only acquired Scripps for a “relatively low” price, but gained the company's expertise in over-the-top skinny bundles — which is needed given Discovery's poor performance in that area, Miller said in the initiation note. Discovery is likely to allocate its 2018 and 2019 free cash flowto lowering the debt load used to complete the Scripps acquisition, Miller said.

[$$] Fall in UK car industry investment blamed on Brexit uncertainty
Tue, 26 Jun 2018 10:49:18 +0000
Investment in Britain’s car industry has halved because of uncertainty about the UK’s future relationship with Europe, the country’s motor industry lobby group said on Tuesday. Spending in the first six months of the year was £347.3m, compared with £647m for the first half of 2017, according to figures published on Tuesday by the Society of Motor Manufacturers and Traders. The SMMT, which holds its annual conference in London on Tuesday, has also warned that time is running out for government to offer clarity over key industry concerns such as trading conditions with Europe, as several manufacturers urgently face key decisions about whether to build future models in Britain or send the work overseas.

ProSieben, Discovery team up to create German TV streaming platform
Mon, 25 Jun 2018 10:03:22 +0000
Germany's ProSiebenSat.1 Media and and Discovery Inc said on Monday they would join forces to launch a German TV streaming platform that integrates their 7TV, Maxdome and Eurosport Player properties. Teaming up to resist the advance of TV mega-platforms like Netflix, the partners said they would launch the platform in the first half of 2019. “Our aim is 10 million users in the first two years and we are putting very significant resources and investment with urgency into this effort,” ProSieben's new CEO Max Conze said in a statement.

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