As a major network we are definitely seeing more eyeballs on the news. The stock is closer to the bottom of $47.54 then the top of $61.59. The dividend is only 1.25% that’s not much to speak of. However at it’s coming up in the next few days we may see some movement. You can get roughly 1% return in 7 days. So how’s that for upside. Remember we want just a little bit more.
So we are buying here at $51.13 and selling the December 14, 51 call for .77. Not a fortune but that’s .64 upside for one week. If you don’t get called away you will see a small dividend.
Our targets are designed to make just a little bit more. Nothing feels better than a profitable trade.
As always consult your advisor before investing of any kind. options are not suitable for all investors and people can and do lose money. The above is an opinion and no warranties or guarantees are given or implied. investing requires risk and each investor must due their due diligence before investing of any kind.