Disney (DIS) Offering Possible 24.07% Return Over the Next 9 Calendar Days

Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 24.07% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock dropped below the $170.00 long put strike price.

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

The RSI indicator is at 53.02 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 Disney

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Tue, 05 Jan 2021 10:12:00 +0000
Airbnb (NASDAQ: ABNB), Roku (NASDAQ: ROKU), and Peloton Interactive (NASDAQ: PTON) are three hot stocks to buy this month. Airbnb was one of the hottest recent initial public offerings (IPOs), debuting in December at $68 a share.

My 3 Top Robinhood Stocks for 2021
Tue, 05 Jan 2021 05:45:00 +0000
Robinhood has become a go-to source for stocks as its mobile app has brought a huge number of young new investors into the stock-market fold. On one hand, Robinhood investors like speculative plays, especially when there are prospects for turnarounds. Beaten-down sectors, including airlines, cruise ship operators, and energy stocks, are disproportionately represented in the top 50.

Quibi Nears Deal With Roku After Trying to Tempt Facebook, Snap
Tue, 05 Jan 2021 01:03:23 +0000
(Bloomberg) — Quibi Holdings LLC, the failed short-video startup founded by film mogul Jeffrey Katzenberg, is close to selling rights to its shows to Roku Inc. following pitch sessions with some of the biggest names in technology, according to people familiar with the matter.Quibi sought the interest of a range of prospective bidders, including Facebook Inc. and Snap Inc., said the people, who asked not to be identified because the discussions were private. Finding a buyer has been complicated, in part because the company doesn’t own the rights to own its content beyond a few years, the people said.Completing a transaction would help Katzenberg return at least some of the $1.75 billion that investors, including Walt Disney Co. and AT&T Inc.’s WarnerMedia, poured into the app before its launch in 2020.Quibi’s programming would add to Roku’s own content library and help the company, which offers a popular streaming device and platform, attract viewers to the Roku Channel.Quibi and Roku declined to comment, as did representatives for Facebook and Snap.Quibi, led by Chief Executive Officer Meg Whitman, was one of the splashiest Hollywood startups in years. For $5 to $8 a month, customers could access about 175 original shows that were told in five- to 10-minute increments. The hope was to fill a niche among consumers with on-the-go lifestyles and short attention spans. But facing a pandemic and competition from free alternatives such as YouTube and TikTok, Quibi struggled to attract subscribers.The company said in October that it planned to wind down operations and sell its assets. The swift demise of streaming service, which only launched in April, represented one of the entertainment industry’s most dramatic flops.Since then, Katzenberg has led the effort — with an adviser — to sell the rights to the shows, which feature stars such as Anna Kendrick, Liam Hemsworth and Chrissy Teigen, one person close to the process said. Those negotiations have been complex because Quibi never owned the shows that appeared on its platform; it licensed them for seven years.That means buyers are negotiating for a license to show Quibi programs, rather than permanent intellectual property. If a buyer wants to build out Quibi shows with new episodes or series, it may face the same high prices Katzenberg paid when producing the content. Against that backdrop, discussions between Quibi and Facebook, like those with other potential buyers, failed to gain traction, the people said.Returning MoneyQuibi’s investors included media titans and firms such as Goldman Sachs Group Inc. Late last year, they were told to expect about $350 million back, after Quibi burned through most of the cash to launch the app. The amount they can recoup will rise if Katzenberg can complete asset sales.The discussions with Roku were reported earlier by the Wall Street Journal.Snap, which owns Snapchat, has invested in its own content, which it presents as Snap Originals. Facebook, meanwhile, has launched Facebook Watch, an on-demand video service that includes new shows with performers such as Taraji P. Henson. Instagram, also part of Facebook, offers the IGTV Series, a longer-form video platform.Roku has been slower to create its own programs. Its chief financial officer, Steve Louden, said in a March conference call that while the company was interested in licensing content, “We don’t have any plans for original content.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

This Acquisition Could Boost Apple TV+ to the Next Level
Mon, 04 Jan 2021 19:16:00 +0000
Traditionally, the week between Christmas and New Year is considered one of the most important for the movie industry, but lockdowns and fear of contagion have slowed box office receipts to a crawl. Walt Disney's Soul debuted exclusively on Disney+, and AT&T's Warner Bros. studio released Wonder Woman 1984 at the box office and on its HBO MAX streaming service. Apple (NASDAQ: AAPL) is in a unique position to shape this segment of the media industry for years to come, and it could do so by acquiring MGM Holdings, best know for the James Bond films.

Roku Set to Acquire Quibi's Program Library
Mon, 04 Jan 2021 15:59:00 +0000
Roku (NASDAQ: ROKU) is poised to acquire the entire video catalog of short-form streaming outfit Quibi, the Jeffrey Katzenberg and Meg Whitman start-up that sought to do for mobile video what Netflix (NASDAQ: NFLX) did for TV streaming. Quibi, whose name is a mashup of “quick bite,” signed artists with an arrangement where the programs would be exclusive to the site for between two and seven years.

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