OUTFRONT Media, Inc. leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S. and Canada. OUT...
$OUT (ad space REIT)
This trade involves selling a put and using the credit from the short put to buy a long call.
+1 $20 CALL 3/17/23.
---{share price $15.94}---
-1 $12.5 PUT 3/17/23.
$10 credit at order.
Requires $1,250 collateral for the short put.
I like yesterday's pullback and I do enjoy playing the golden cross set up.
Sentiment profiler shows that now is the time to enter. Short volume is low and sentiment is at the sweet spot.
$OUT is an outdoor REIT ad company (billboards) that seems to have formed a bullish inverted H&S after retesting & bouncing off 61.8% retracement from June highs or $12.50.
I am looking for OUT to push up to the 50% retracement line of overall 2020 selloff at $19.25, providing $4 of upside on a $15.35 stock or 26% upside. December $17.50 calls had a large volume...
OUT: OUTFRONT Media Inc.
2020-01-21 06:00:00
OUTFRONT Media Awarded Long-Term Advertising Contract By The Washington Metropolitan Area Transit Authority
