Discovery (DISCA) Offering Possible 8.7% Return Over the Next 27 Calendar Days

Discovery's most recent trend suggests a bearish bias. One trading opportunity on Discovery is a Bear Call Spread using a strike $25.00 short call and a strike $30.00 long call offers a potential 8.7% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $30.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Discovery 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 Discovery is bullish.

The RSI indicator is at 53.73 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

LATEST NEWS for Discovery

Edited Transcript of DISCA earnings conference call or presentation 6-May-20 12:00pm GMT
Tue, 16 Jun 2020 18:11:06 +0000
Q1 2020 Discovery Inc Earnings Call

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Fri, 12 Jun 2020 23:06:48 +0000
Undervalued stocks with consistently growing earnings to consider as coronavirus fears reignite Continue reading…

Picking Winners and Losers as Video Streaming and Cord-Cutting Grow
Thu, 11 Jun 2020 18:47:00 +0000
Consumers have finally hit a ceiling on how much money they’re willing to spend on video content—and the market is headed for a period of deep disruption that will only exaggerate recent trends in cord-cutting and subscription services.

Discovery President and CEO David Zaslav to Present at the 2020 Credit Suisse Virtual Communications Conference
Thu, 11 Jun 2020 12:30:00 +0000
Discovery (Nasdaq: DISCA, DISCB, DISCK) today announced that President and CEO David Zaslav will present at the 2020 Credit Suisse Virtual Communications Conference on Tuesday, June 16, 2020 at 10:00 a.m. ET.

HGTV Smart Home 2020 in Pittsburgh, Pennsylvania Sweepstakes to Close on June 12
Wed, 10 Jun 2020 17:30:00 +0000
The HGTV® Smart Home 2020 located in Pittsburgh, PA, will close its sweepstakes on June 12, 2020 at 5 p.m. ET. The prize package, valued at over $1.5 million, includes the fully furnished, technologically advanced home, the first-ever 2020 Mercedes-Benz GLB and $100,000 from LendingTree. Eligible entrants can enter twice per day until the sweepstakes officially closes at HGTV.com/SmartHome for their chance to win. Here they will also find additional sweepstakes details and the official rules.

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