Comcast Corporation (CMCSK) $20.99 +4.22%
Comcast (CMCSK) notches a new 52-week high and is up 90 cents to $21.04. Options volume includes 5086 Jan 20 calls and 2859 Jan 21 calls, with nearly all trading at the ask. Open interest is sufficient to cover and the action might offset positions opened in October. For instance, on Oct 28, a block of 3000 Jan 21 calls traded on the 32-cent bid. It’s now trading at 60 cents. CMCSK Jan 20 calls saw interest on Oct 19 and Oct 20. Shares are up about $3 since that time and are getting a lift today after the Wall Street Journal reported that Comcast is testing a service the combines Internet and TV.
Category: All Stocks, Large Cap Stocks, Media
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
