Calls Purchased on Comcast Corporation (CMCSK)

Shares of Comcast Corporation CMCSK are higher on the session by 1.22%, currently trading at $21.60. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2011 $21.00 call was purchased 3,000 times, on the offer, for $0.65 on open interest of 7,232 contracts. Overall call volume is now running at 2.89x the daily average with 95% of all calls traded being purchases on the offer. Comcast Corporation is a provider of video, high-speed Internet and phone services (cable services), offering a variety of entertainment, information and communications services to residential and commercial customers
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Posted In: Long IdeasTechnicalsOptionsTrading IdeasBroadcasting & Cable TVConsumer Discretionary
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