April 1st- Fubo TV May 21st
FUBO option: May 21st call, $35 strike, $1.39
FUBO TV is a story of "cord cutting", accelerating their dominance in subscriptions. Last quarter they reported just under 100m in sales, above the consensus estimates of 85m. The technicals on this present a risk to reward that looks attractive to me. On Friday March 26th, the stocks hit the 200 day moving average and stuck. With the market trading sideways, I like the to be panic sold in morning of 4/1, which I will buy the $35 strike options for May. I don't see this going much lower, as their main driver of revenue is sports, which is set to resume this year, as well as being oversold. If you look at the purple chart (Relative Strength Index-RSI) you will see it has never been this oversold. This stock was $60 a few months ago on the bullish call from analyst, Laura Martin.