Lions Gate | LGF.A | Long at $8.00 (Jun '25 Call Options)Similar to my analysis of Paramount Global NASDAQ:PARA ( www.tradingview.com ), the chart for Lions Gate NYSE:LGF.A looks very interesting as the price reenters my selected historical simple moving average (SMA). Typically, this means a near-term upward trend in price is imminent or even a complete breakout through the historical SMA (but not guaranteed). While insiders like Liberty 77 Capital have been buying up a significant number of shares lately, in late November 2024 the Directors of NYSE:LGF.A were awarded options - which I view as a much more bullish sign. Fundamentally, my concern is that this company has less than 1 year of cash runway. Earnings, are expected to be positive come Q4, but will their strong pipeline of content boost viewership and increase the subscriber base? Only time will tell. While I do not wish to acquire shares at this time, I will roll the dice based on the chart setup and grab the furthest out call options available (June 20, 2025) with a strike of $10.00.
Target #1 - $10.00 (June 20, 2025 call options, priced at $0.75 each)