T Jan 2020 35.000 put

OPR - OPR Delayed Price. Currency in USD
0.6000
0.0000 (0.00%)
As of 3:55PM EDT. Market open.
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Previous Close0.6000
Open0.7000
Bid0.0000
Ask0.0000
Strike35.00
Expire Date2020-01-17
Day's Range0.5600 - 0.7500
Contract RangeN/A
Volume2,422
Open InterestN/A
  • Netflix sells $2.2 billion of junk bonds as it braces for onslaught of competition
    MarketWatch

    Netflix sells $2.2 billion of junk bonds as it braces for onslaught of competition

    Netflix Inc. tapped the high-yield bond market for another $2.2 billion on Tuesday to help it pay for new content as the battle for streaming customers heats up with a slate of new offerings on tap.

  • Meg Whitman’s new venture is thinking big with a short-form streaming service
    MarketWatch

    Meg Whitman’s new venture is thinking big with a short-form streaming service

    Quibi, short for “quick bites,” is scheduled to launch in April with shows and films from A-list directors such as Steven Spielberg and Guillermo del Toro sliced into increments shorter than 10 minutes that are meant to be viewed on smartphones.

  • AT&T’s planned HBO Max is a ‘difficult balancing game,' analysts say
    American City Business Journals

    AT&T’s planned HBO Max is a ‘difficult balancing game,' analysts say

    AT&T; Inc. is set to unveil “HBO Max” next week at a long-anticipated event – but analysts expect some challenges.

  • Netflix Sells $2.2 Billion of Junk Bonds to Fund More Content
    Bloomberg

    Netflix Sells $2.2 Billion of Junk Bonds to Fund More Content

    (Bloomberg) -- Netflix Inc. sold around $2.2 billion of bonds in the U.S. and Europe as it continues to bolster its original content in the face of expanding competition.Investors bought $1 billion of dollar-denominated bonds and 1.1 billion of euro bonds ($1.2 billion) from the TV streaming company, data compiled by Bloomberg show. Netflix had said Monday it would sell about $2 billion of debt with the proceeds being used for general corporate purposes, including content purchases and production as well as potential acquisitions, according to a statement.The dollar-denominated 10.5-year bonds, which can’t be bought back, will yield 4.875%, down from around 5.125%, according to a person with knowledge of the price talk. The euro notes, which have the same maturity, will pay 3.625%, after initially discussing around 3.875%, the person said, asking not to be identified as the details are private.Netflix issued debt after reporting earnings that beat analyst estimates and saw overseas growth that helped sooth investors’ concerns about a slowdown at home. The company burned through $551 million of cash in the third quarter and is “slowly” moving toward becoming free cash flow positive, Chief Executive Officer Reed Hastings said in a letter to shareholders last week. In the meantime, Netflix will continue to tap the high-yield market for its investment needs, he said.The Los Gatos, California-based company reiterated expectations to burn through $3.5 billion in cash this year as the war for content heats up. It’s been raising prices -- often at the expense of subscriber gains -- in some of its largest territories, trying to shift toward profitability as streaming service competition mounts from companies such as Walt Disney Co., AT&T Inc. and Apple Inc.Netflix has historically relied on the high-yield bond market to finance its growth, typically issuing debt following its first- and third-quarter earnings in April and October, respectively. Its debt load, including operating lease liabilities, has steadily grown to around $13.5 billion since first tapping the market in 2009, according to data compiled by Bloomberg.Netflix has become one of the largest issuers in the U.S. junk-bond market. Its dollar bonds may have a market value in the $10 billion to $10.5 billion area, placing Netflix as the 11th largest borrower in the benchmark Bloomberg Barclays U.S. Corporate High Yield Bond Index, according to Bloomberg Intelligence.What Bloomberg Intelligence Says“Netflix may issue new junk bonds for several more years as proceeds from debt sales fuel not only free-cash-flow deficits, but also repayment of bond principal. While Netflix may not produce free cash flow until 2023, it must address a $500 million bond principal in 2021 and another $700 million in early 2022.”\--Stephen Flynn, corporate credit analystClick here to view the research reportThe company last borrowed $2.24 billion of junk bonds in April, and said that it would reduce its reliance on debt financing at the time. CEO Hastings walked back that language in a July letter to shareholders, saying Netflix planned to still use the high-yield market to fund content investments.Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co., Deutsche Bank AG and Wells Fargo & Co. managed the bond sale, the data show.\--With assistance from Rizal Tupaz, Laura Benitez and Gowri Gurumurthy.To contact the reporters on this story: Molly Smith in New York at msmith604@bloomberg.net;Elizabeth Rembert in New York at erembert@bloomberg.netTo contact the editor responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire

    AT&T to Host WarnerMedia Day October 29

    AT&T Inc.* will host WarnerMedia Day at 6 p.m. ET on Tuesday, October 29. At the event, the company will discuss plans for its new direct-to-consumer streaming service, HBO Max, which is expected to launch in spring 2020, including financial expectations for the new service.

  • How YouTube's 'snackable' content could change the streaming landscape
    Yahoo Finance

    How YouTube's 'snackable' content could change the streaming landscape

    “YouTube has got a really strong hold on the market around the snacking of content,” says one analyst.

  • Sprint Develops Small Cell Solutions for Higher Coverage
    Zacks

    Sprint Develops Small Cell Solutions for Higher Coverage

    Sprint (S) is expanding small cell solutions portfolio for the deployment of seamless and reliable data coverage across homes and businesses.

  • UPDATE 1-Verizon to offer free subscription of Disney+ for some customers
    Reuters

    UPDATE 1-Verizon to offer free subscription of Disney+ for some customers

    Verizon Communications Inc said on Tuesday it will offer unlimited wireless and broadband customers a free one-year subscription to Walt Disney Co's soon-to-be-launched streaming service Disney+. Verizon said all its new and existing unlimited wireless customers, as well as its Fios and 5G Home internet customers, will be eligible. Disney+ launches on Nov. 12 in the U.S. The service will cost $7 monthly or $70 annually.

  • Can Wireless & WarnerMedia Revenues Aid AT&T (T) Q3 Earnings?
    Zacks

    Can Wireless & WarnerMedia Revenues Aid AT&T (T) Q3 Earnings?

    AT&T (T) is likely to have recorded lower revenues in Q3 due to adverse foreign currency translation despite solid performance of Wireless business & incremental contribution from WarnerMedia assets.

  • Can Wireless Strength Drive Verizon's (VZ) Q3 Earnings?
    Zacks

    Can Wireless Strength Drive Verizon's (VZ) Q3 Earnings?

    Verizon (VZ) is likely to have recorded higher year-over-year revenues from the Wireless segment, which accounts for lion's share of total revenues.

  • Verizon to give some customers 12 months of free Disney+
    Yahoo Finance

    Verizon to give some customers 12 months of free Disney+

    Verizon and Disney team up to make a big splash around the launch of the entertainment giant's streaming service launch.

  • Will Microsoft's (MSFT) Cloud Segment Drive Its Q1 Earnings?
    Zacks

    Will Microsoft's (MSFT) Cloud Segment Drive Its Q1 Earnings?

    Microsoft (MSFT) is set to report its first quarter fiscal 2020 results after the closing bell on Wednesday, October 23.

  • AT&T (T) Stock Sinks As Market Gains: What You Should Know
    Zacks

    AT&T (T) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, AT&T (T) closed at $38.24, marking a -0.6% move from the previous day.

  • Are Netflix's Best Days Behind It?
    GuruFocus.com

    Are Netflix's Best Days Behind It?

    The streaming giant may be at risk of being dethroned as Disney, AT&T; and Apple roll out their own content Continue reading...

  • AT&T shows ‘impressive’ 5G results in Dallas as carriers vie for metro, report says
    American City Business Journals

    AT&T shows ‘impressive’ 5G results in Dallas as carriers vie for metro, report says

    With AT&T;’s median download speed of 256.1 megabits per second, a user could download a 600 megabyte video in less than 20 seconds, RootMetrics says.

  • AT&T Stock Rally: Should Investors Look to Buy?
    Market Realist

    AT&T Stock Rally: Should Investors Look to Buy?

    During the week that ended on October 18, AT&T; (T) stock continued its bullish trend and ended the week with a solid gain of 2.4%.

  • Moody's

    Netflix, Inc. -- Moody's assigns Ba3 rating to Netflix's proposed notes offering

    Moody's Investors Service ("Moody's") has assigned a Ba3 rating to Netflix, Inc.'s (Netflix) proposed $2 billion senior unsecured notes offering split between dollar and Euro issuance and maturing in 2030. Netflix's Ba3 corporate family rating (CFR) and Ba2-PD probability of default rating (PDR) remain unchanged. The speculative grade liquidity rating (SGL) is maintained at SGL-1.

  • AT&T (T) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    AT&T (T) Reports Next Week: Wall Street Expects Earnings Growth

    AT&T (T) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Verizon Boosts 5G Technology for GPU-Based Cloud Services
    Zacks

    Verizon Boosts 5G Technology for GPU-Based Cloud Services

    With the new 5G edge technology offering, Verizon (VZ) is creating a cost-effective and user-friendly innovation to enable GPU cloud-based services for developers, consumers and enterprises.

  • Is Juniper (JNPR) Likely to Disappoint This Earnings Season?
    Zacks

    Is Juniper (JNPR) Likely to Disappoint This Earnings Season?

    Juniper (JNPR) is likely to have recorded lower revenues in Q3 due to softness within the Routing and Switching verticals as stiff competition led to an average decline in selling prices.

  • Signs That Your Trading Will Ruin Your Retirement - October 21, 2019
    Zacks

    Signs That Your Trading Will Ruin Your Retirement - October 21, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • Barrons.com

    The Streaming TV Revolution Will Have Winners and Losers. How to Play the Stocks.

    Now, Disney, WarnerMedia, NBC, and others are about to enter the battle for streaming subscribers. If cord-cutting accelerates among traditional cable customers, these companies will need to win streamers quickly. If TV viewers stick with their cable bundles for longer than expected, companies could end up having overspent to go over-the-top.

  • Space startup CEO: 'You need regulation' of space — there isn't 'a cop up there'
    Yahoo Finance

    Space startup CEO: 'You need regulation' of space — there isn't 'a cop up there'

    Adrian Steckel, CEO of OneWeb, believes space is a “shared resource” and calls for regulations to level the playing field.

  • Netflix finally admits the obvious: Competition from Apple and Disney will hurt
    MarketWatch

    Netflix finally admits the obvious: Competition from Apple and Disney will hurt

    Netflix Inc. has been dismissive of the anticipated impact of an onslaught of streaming competitors, but as a wave of well-financed streaming services from big-name companies is about to be unleashed, executives’ tone has changed.

  • AT&T raising rates for online streaming packages amid pressure on its business
    American City Business Journals

    AT&T raising rates for online streaming packages amid pressure on its business

    An AT&T; spokesperson said that the company is adjusting its pricing to reflect the cost to deliver content to customers.