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Hawk’s Nest

Communications Name Sees Large ITM Call Buyer

by | Jul 13, 2022

Comcast (CMCSA) buyers hot today for 14,500 June 2023 $37.50 calls bought $5.80 and up to $6.30. Shares flagging lately just under 40 and inside monthly value with potential to rebound off these lows as weekly MACD sees a bull cross higher. A defensive name with a 2.8% dividend yield. Longer term these call buyers saying Comcast likely near a floor after testing summer 2020 lows.