Could DISH Network Corp Change Direction After Today’s Bullish Options Activity?

 Could DISH Network Corp Change Direction After Today's Bullish Options Activity?

In today’s session DISH Network Corp (DISH) registered an unusually high (563) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DISH increase. With 563 contracts traded and 8404 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DISH170120C00055000 closed last at: $3.1 or 24.4% down. About 158,904 shares traded hands. DISH Network Corp (NASDAQ:DISH) has risen 23.37% since April 14, 2016 and is uptrending. It has outperformed by 18.68% the S&P500.

DISH Network Corp (NASDAQ:DISH) Ratings Coverage

Out of 16 analysts covering Dish Network Corp. (NASDAQ:DISH), 8 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 50% are positive. Dish Network Corp. has been the topic of 27 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Macquarie Research on Tuesday, August 9. The firm has “Underperform” rating given on Friday, November 11 by FBR Capital. The stock of DISH Network Corp (NASDAQ:DISH) earned “Sell” rating by Wunderlich on Monday, September 21. The rating was maintained by FBR Capital with “Underperform” on Friday, February 19. The firm has “Hold” rating by HSBC given on Friday, February 26. Zacks upgraded the stock to “Buy” rating in Saturday, September 5 report. Vetr downgraded it to “Buy” rating and $62.50 target price in Tuesday, September 8 report. The stock has “Underweight” rating given by Barclays Capital on Friday, August 14. Macquarie Research maintained DISH Network Corp (NASDAQ:DISH) on Monday, February 22 with “Neutral” rating. The stock has “Sell” rating given by Wunderlich on Wednesday, September 9.

According to Zacks Investment Research, “DISH NETWORK CP offers satellite television products and services. The company operates three business units: The DISH Network – the direct broadcast satellite, subscription television service in the United States. EchoStar Technologies Corporation division, which is principally responsible for the design of digital set-top boxes, or satellite receivers, and the sale of set-top boxes to international operators. Satellite Services division provides video, audio and data services to business television customers and other satellite users.”

Insitutional Activity: The institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.18, from 1.17 in 2016Q1. The ratio improved, as 39 funds sold all DISH Network Corp shares owned while 101 reduced positions. 54 funds bought stakes while 135 increased positions. They now own 208.11 million shares or 1.04% less from 210.30 million shares in 2016Q1.
Altalis Cap Management Lc has 5.19% invested in the company for 138,430 shares. Moreover, Jnba Fincl has 0% invested in DISH Network Corp (NASDAQ:DISH) for 80 shares. Moreover, Fmr Limited Co has 0.01% invested in DISH Network Corp (NASDAQ:DISH) for 1.84M shares. Great West Life Assurance Communications Can last reported 133,122 shares in the company. New South Management accumulated 1.14M shares or 1.47% of the stock. The Illinois-based Hightower Advisors Ltd Llc has invested 0.02% in DISH Network Corp (NASDAQ:DISH). Marshall Wace Llp last reported 0% of its portfolio in the stock. Moreover, Oregon Employees Retirement Fund has 0.01% invested in DISH Network Corp (NASDAQ:DISH) for 11,372 shares. Suntrust Banks holds 39,559 shares or 0.01% of its portfolio. Kbc Gp Nv owns 161,522 shares or 0.12% of their US portfolio. State Common Retirement Fund owns 957,775 shares or 0.07% of their US portfolio. The Missouri-based Stifel Financial has invested 0.01% in DISH Network Corp (NASDAQ:DISH). Glob X Ltd Liability holds 1,162 shares or 0% of its portfolio. The Japan-based Sumitomo Mitsui Trust Holding Inc has invested 0.06% in DISH Network Corp (NASDAQ:DISH). The Texas-based Capstone Asset Mngmt Communications has invested 0.01% in DISH Network Corp (NASDAQ:DISH).

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 5 insider sales for $2.74 million net activity. $4,909 worth of DISH Network Corp (NASDAQ:DISH) was sold by ORBAN PAUL W. Another trade for 30,000 shares valued at $1.61 million was made by VOGEL CARL E on Monday, September 26. Dodge R Stanton had sold 20,000 shares worth $975,800 on Tuesday, May 31. $153,030 worth of DISH Network Corp (NASDAQ:DISH) shares were sold by Swieringa John.

DISH Network Corporation is a holding company. The company has a market cap of $25.64 billion. The Firm operates through two divisions: DISH and Wireless. It has a 26.2 P/E ratio. It offers Pay-TV services under the DISH brand and the Sling brand .

DISH Company Profile

DISH Network Corporation, incorporated on April 26, 1995, is a holding company. The Firm operates through two divisions: DISH and Wireless. The Firm offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded Pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite (DBS) and Fixed Satellite Service (FSS) spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations. The Sling branded Pay-TV services consist of live, linear streaming over-the-top (OTT) Internet domestic, international and Latino video programming services (Sling TV). The Firm offers receiver systems and programming through direct sales channels and through independent third parties, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, retailers and telecommunications companies.

More important recent DISH Network Corp (NASDAQ:DISH) news were published by: Investorplace.com which released: “DISH Network Corp (DISH) Reports Earnings Miss in Q3” on November 09, 2016, also Investorplace.com published article titled: “Dish Network Corp (DISH) Stock Can Rally With Sling TV Growth”, Bizjournals.com published: “Dish Network data predicts who will win presidency” on November 07, 2016. More interesting news about DISH Network Corp (NASDAQ:DISH) was released by: Investorplace.com and their article: “Dish Network Corp Adds YouTube, LLC to Dish Hopper 3 DVR” with publication date: October 22, 2016.

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