Goldman Sachs is out with a research report this morning, where it suggests that traders sell calls on Cablevision Systems Corporation LEAP to enhance yield.
Goldman Sachs Telecom and Cable Services analyst Jason Armstrong CVC and other Cable/Satellite stocks have taken their cue from capital allocation moves.
In the bull case, absent near term M&A, investors have growing optimism that a large capital allocation announcement is coming. The options market is expecting significant news on earnings (August 5), with the implied move now +/-6.3%, vs. the median 8 quarter move of +/-3.3%.
Goldman Sachs suggests Selling the August $27.00 call for $0.65.
Cablevision Systems Corporation, through its subsidiary, CSC Holdings, LLC, is a cable operator in the United States. Cablevision also operates cable programming networks, entertainment businesses, telecommunications companies and a newspaper publishing business.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in