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This Media Giant is Showing Rotation Suited to Bullish Premium Sellers

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Hello trader,

On July 11th, the Euro 2020 Tournament was finally played after facing a COVID-19-related delay. The tournament, which pinned the best soccer teams in Europe against each other, crowned Italy as the champion over England in a thrilling match that was decided by penalty shots.

In terms of US viewership, the Euro 2020 Final was the most viewed Euro tournament game ever, with 6.5 million viewers.

Viewership for the Euro 2020 tournament was up 31% from the 2016 tournament, and the strong ratings come at a time when the popular media company that aired the game is about to hike membership fees for one of its services, in a move that signals the company is starting to view the service as a stand-alone product.

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Recent events have led to a breakout in this stock's price, resulting in a pre-earnings setup that creates a strong foundation for premium sellers to set up a bullish trade.

I'm about to show you how to set this trade up in a manner that offers you defined risk against a well-defined area of protection.

Click here to continue reading...

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Jeff Bishop

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