Outfront Media is in focus as a dividend stock Looks to be making a move out of a mini cup n Handle, also it boasts an enticing 7.4% annualized yield, with a quarterly payout of 30 cents a share
OUT trade ideas
OUT Harmonic: Bat PatternOUTFRONT 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 has a MODERATE quantitative fundamental score (Greater than 6) with good analyst prospects (Buy and Hold ratings). Furthermore, OUT has a fair dividend pay out @ 0.20 per share/year (Approximately 1.2% of the entry cost a 16.51). Therefore, this OUT long play has shallow-value at the price levels from 16.51 - 16.23.
In this idea, we have a bat-pattern showing us that price should maintain a reversal from the previous low between 15.00 - 14.92. I expect price to descend to 16.51ish, filling the 4H gap (SEE ENTRY CHART BELOW IN THE UPDATES). I would set the stop-loss for approximately 3%; however, I'd consider averaging into a position on this trade, if price goes below the stop (I don't expect it to). Once the 0.382 target is acquired, I would sell half of my position and set trailing stop-loss runners to trail price by the 'Average True Range' of multiple timeframes. Once price has reached the 0.618 target, I would sell the other half of my position. The first target nets 23.14% (Risk-to-Reward of 7.35) and the second target nets 43.13% (Risk-to-Reward of 13.69). Averaging these percentage gains out and adding for the dividend (I would expect to hold this for at least one year), one would profit approximately 34.34% of their original investment.
Plugging in the probability for success of a bat pattern and the R:R values into our Kelly Criterion betting calculator for an account of $1000, we get;
FIRST TARGET
Probability: 0.85
Odds: 7.35
Bankroll:$1000
Calculation:
Kelly Criterion (Adjusted) - 0.8296
Bet This Much (Adjusted) - $829.59
SECOND TARGET
Probability: 0.85
Odds: 13.69
Bankroll:$1000
Calculation:
Kelly Criterion (Adjusted) - 0.8390
Bet This Much (Adjusted) - $839.04
Therefore, one should bet approximately 82.9% - 83.9% of their normal lot size. Good luck and trade safely!
Neutral/Bullish Financed Call, 3/17/23 Exp$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.
$OUT - golden cross + pull backI 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.
$OUT - Potential Inverted H&S$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 hit on Friday and are pricing in just less than 10% move at $1.60 premiums for breakeven price of $19.10. Normally I'd look for more upside but with the paper that hit I want to stay long $OUT.
OUT resistance and support graphsThis graph thoroughly shows a rising wedge up to the next channel around upper 13 range NYSE:OUT
OUTFRONT Media Awarded Long-Term Advertising Contract By The WasOUT: OUTFRONT Media Inc.
2020-01-21 06:00:00
OUTFRONT Media Awarded Long-Term Advertising Contract By The Washington Metropolitan Area Transit Authority
OUT Detected possible contract awarded!!!OUT: outfront media inc
2018-04-26 16:05:44
Detected possible contract awarded
