Calls Purchased on Comcast Corporation (CMCSK)

Shares of Comcast Corporation CMCSK are lower on the session by 0.34%, currently trading at $24.89. The stock has been moving largely higher over the past six 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 June 2011 $26.00 call was purchased 1,000 times, on the offer, for $0.50 on open interest of 10 contracts. Overall call volume is now running at 2.10x the daily average with 88% of all calls traded being purchases on the offer. Comcast Corporation is a provider of video, high-speed Internet and phone services to residential and business customers in the United States. As of December 31, 2010, the company's cable systems served approximately 22.8 million video customers, 17 million high-speed Internet customers and 8.6 million phone customers, and passed over 51 million homes and businesses in 39 states and the District of Columbia.
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Posted In: Long IdeasTechnicalsOptionsTrading IdeasBroadcasting & Cable TVConsumer Discretionary
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