Anyone keepin' an eye on DISH Network Co. (NASDAQ: DISH)? Seems like there were some weird option trades goin' down recently. Volume of 29,193 contracts on Jan 19. This represents an increase of approximately 140% compared to the typical volume of 12,122 call options. That number of contracts represents approximately 2.9 million underlying shares, working out to a sizeable 67.6% of DISH's average daily trading volume over the past month, of 4.3 million shares. Particularly high volume was seen for the $13.50 strike put option expiring January 27, 2023. (source: NASDAQ) Couple of big investors have been adjusting their positions in the stock, with Covestor Ltd. increasing their shares by 268.9% and Ellevest Inc. upping their stake by 63%. Other players like Wipfli Financial Advisors LLC and Trust Company of Vermont invested in DISH, and Whittier Trust Company's ownership increased by 58.7%. It's worth noting that 96.51% of DISH's shares are held by institutional investors. Analysts have been weighing in too, with Barclays downgrading the stock to "underweight" and lowering their price target to $16.00. Morgan Stanley and Credit Suisse Group also lowered their price targets, and Raymond James changed their "strong-buy" rating to a "buy." The overall rating is "Moderate Buy" with a price objective of $35.21. DISH's stock price has ranged from $12.55 to $37.28 in the past 52 weeks, with a P/E ratio of 4.97 and a beta of 1.81. DISH Network last released its quarterly earnings results on November 2nd, 2022. DISH reported Q2 earnings of $0.65 per share, which was higher than expected, but revenue was lower than anticipated. The company had a net margin of 11.24 and a return on equity of 11.81%, both of which are pretty solid. Analysts predict DISH will earn $2.63 per share this fiscal year. Forbes asks: https://preview.redd.it/qy0rg7c8a0ga1.png?width=1362&format=png&auto=webp&s=eaaaa03cd8b762f3f064fcc55760bd601f288659 Investors Answer: https://preview.redd.it/1ewab0d9a0ga1.png?width=1360&format=png&auto=webp&s=136dbb64f48a2df182ff2b4b1a0edb97a4e718b3 https://preview.redd.it/uzj0mtp9a0ga1.png?width=1368&format=png&auto=webp&s=7d13c83ecf641526a16795755aabc9bf8cc36afa TA-oriented investors might spot some bullish signals, like the falling wedge and double bottom , while the price has recently moved above the MA. With the recent SPX / SPY / QQQ rallying, maybe it's time to consider a company at the crossroads of tech, infrastructure, media and entertainment. But the markets' response to the latest jobs report and sluggish Big Tech earnings yesterday might call for some risk management. https://preview.redd.it/rmqesjreb0ga1.png?width=2428&format=png&auto=webp&s=1f945f622984249c0cf7db7abf40d4569b497bb7 Here's an options strategy that captures growth potential of 13% (21% annualized) while also providing downside protection. No capital lost unless DISH stays below $9.99 at maturity (a 35% drop from current prices). HOW TO: Buy 1 $15 c, Sell 1 $17.50 c, Sell 2 $10 p, all expiring 9/15/23 Capital required to fully collateralize: $1998 submitted by /u/OliveInvestor [comments]
