Discovery (DISCA) Offering Possible 6.38% Return Over the Next 20 Calendar Days

Discovery's most recent trend suggests a bearish bias. One trading opportunity on Discovery is a Bear Call Spread using a strike $27.50 short call and a strike $32.50 long call offers a potential 6.38% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $32.50 long call 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 down which suggests that the medium-term momentum for Discovery is bearish.

The RSI indicator is at 31.16 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

Discovery moving some operations to Virginia from Tennessee
Wed, 25 Jul 2018 12:28:30 +0000
Discovery Inc. (NASDAQ: DISCA) is moving its prerecorded transmission operations from Knoxville, Tennessee, to its hub in Sterling, according to the Knoxville News Sentinel. “We expect this transfer to be complete by the end of January 2019,” Discovery Chief Technology Officer John Honeycutt wrote in a July 20 memo obtained by the News Sentinel. “All employees affected by this decision have been notified. It is unclear how many jobs with move to Virginia.

Free Technical Reports on Discovery and Three Additional CATV Systems Equities
Wed, 25 Jul 2018 11:40:00 +0000
WallStEquities.com takes note of the performance of Charter Communications Inc. (NASDAQ: CHTR), Discovery Inc. (NASDAQ: DISCA), DISH Network Corp. (NASDAQ: DISH), and Liberty Global PLC (NASDAQ: LBTYA). On Tuesday, shares in Stamford, Connecticut-based Charter Communications Inc. saw a decline of 1.91%, ending the day at $282.32.

John Malone retires from Charter Communications board
Tue, 24 Jul 2018 20:25:00 +0000
Malone said in a statement that he resigned from the board in order to cut down on his travel and focus himself on fewer board positions.

Exclusive: Discovery down to two bidders for Silver Spring headquarters
Fri, 20 Jul 2018 18:56:47 +0000
The potential sale comes as the suburban Maryland media giant prepares to shift its headquarters to New York City.

Options Traders: Watch These Stocks
Thu, 19 Jul 2018 17:48:00 +0000
Five stocks set to move.

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