Nearly 9,000 CMCSA Aug 6 calls were bought from a low of 1.40 to a high of 1.64 with most trading between 1.50 and 1.60.
Comcast Corp., trading 67.08 (up .24) with an IV30 of 15.53 and an HV10 of 10.25, is seeing bullish call action today.? All day customers have been sweeping (buying electronically) the August 66 calls. In a name that does 21,000 contracts a day and has OI of 783,000, almost 9,000 of the Aug 6 calls were bought from a low of 1.40 to a high of 1.64 with most trading between 1.50 and 1.60.
This appears to be a customer that is looking for delta exposure to the stock.? Essentially the customer wants to hold options that will gain a lot of value if the underlying rallies over the next few days.? The 9,000 bought are an exposure to the underlying of at least 630,000 shares and as the stock grows, so does the exposure.
This trade is aggressively bullish CMCSA and its volatility.