Discovery (DISCA) Offering Possible 5.26% Return Over the Next 27 Calendar Days

Discovery's most recent trend suggests a bullish bias. One trading opportunity on Discovery is a Bull Put Spread using a strike $32.50 short put and a strike $27.50 long put offers a potential 5.26% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $32.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $27.50 long put 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 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

Is Discovery (DISCA) Stock a Buy For 2021?
Wed, 20 Jan 2021 16:57:53 +0000
Silver Ring Value Partners recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 26.6% for the last 12 months (net), outperforming its benchmark, the Russell 3000 Index which returned 20.9% in the same period. You should check out Silver Ring Value Partners’ top […]

Billionaire John Paulson’s Top 10 Stock Picks
Tue, 19 Jan 2021 01:46:13 +0000
In this article, we presented billionaire John Paulson’s top 10 stock picks. Click to skip ahead and see Billionaire John Paulson’s Top 5 Stock Picks. The investing guru billionaire John Paulson, who converted his hedge fund into a family office in 2020, has benefited from its bullish bets on gold and healthcare stocks in 2020 […]

Discovery Communications Meets 80-Plus Relative Strength Rating Benchmark
Thu, 14 Jan 2021 18:26:00 +0000
A Relative Strength Rating upgrade for Discovery Communications shows improving technical performance.

Discovery Plans To Bring Oprah and Martha Stewart To A Global Audience, CEO Says
Mon, 11 Jan 2021 18:16:17 +0000
Discovery Communications Inc. (NASDAQ: DISCA) has been working on a streaming video platform for five years with the objective of transforming the media company from a “cable and free-to-air company to a global IP company,” Discovery CEO David Zaslav said during a Bloomberg interview.Competitive Advantage: Discovery's 2018 acquisition of Scripps Networks created a new entity that fits in with the company's longer-term streaming plans, the CEO said. Most notably, platforms like the Food Network and HGTV are “global IP products” that Discovery fully owns. Other similar deals include a 2019 global content partnership with the BBC in which Discovery acquired streaming video rights to hundreds of hours of content.Discovery believes its content library boasts a major advantage over rival streaming video platforms like Netflix Inc. (NASDAQ: NFLX) that offers only scripted content, he said. However, this accounts for less than half of all content consumed and Discovery addresses the other half.Unlike Netflix where there are new competitors almost by the day looking to steal market share, Discovery faces minimal competition.Related Link: Discovery+ Streaming Platform Could Win Big With Strong Brand, Content LibraryBuilt For The World: Discovery has been building its streaming content under the assumption it can't compete unless it reaches a global audience and owns its content, Zaslav said. While the company's efforts over the years have generated a platform with more than 1,000 hours worth of content, there is still a lot of work to be done on promoting its image.”Clarity of what you are really matters,” he said.Discovery is home to not only great brands but characters that people love, including Martha Stewart, Oprah, Mike Rowe, Joanna and Chip Gaines, among many others.”The idea is yes, we have a library as big or bigger than Netflix, but we need original content and we need to go forward with the great brands and characters,” he said.Benzinga file photo by Dustin Blitchok.See more from Benzinga * Click here for options trades from Benzinga * Baird Upgrades Walgreens Boots, Expects Turnaround Of ‘Train Wreck' Performance * Constellation Brands CEO: ‘We're Going To Take A Significant Share' Of Seltzer Market(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Discovery CEO: ‘Our IP library became more valuable in the last year'
Wed, 06 Jan 2021 21:11:12 +0000
David Zaslav, Discovery Inc. CEO and President, joins Yahoo Finance's Kristin Myers and Andy Serwer to discuss the launch of the company's new streaming service, Discovery+, and how COVID-19 has impacted business.

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