Time to get LONG CMCSA base on Institutional Order Flow

Comcast Corporation (CMCSA) is a provider of a range of entertainment and communications services. The company’s stock is currently trading around $53.75 in a 52 week range of $37.81-$54.65. The stock has performed well over the past 12 months with shares rising over 34% in that period. Options activity in CMCSA during today’s trading sessions suggests that traders believe this trend will continue. Near the close a trader bought 17,748 CMCSA Apr 57.5 calls for $0.83, a block that represents volume 2.2 times the average daily option volume in CMCSA. CMCSA is also trading well above the Ichimoku Cloud also indicating it is in bullish territory. The future cloud is also sloping higher suggesting further upside for the stock. With the chart setting up well we believe that this trade in CMCSA serves as a signal for a long opportunity in CMCSA.

Trade: Buying the CMCSA Apr 57.5 Calls for $0.83
Risk: $83 per 1 lot
Reward: Unlimited
Breakeven: $58.33

Andrew Keene

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