Upside Purchased on Comcast Corp (CMCSK)

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Shares of Comcast Corp.
CMCSK
are lower on the session by 0.35%, currently trading at $17.21. The stock has been staging a comeback after a sharp sell off in May. Options traders are buying calls today as well. The July $18.00 call was purchased, on or near the offer, 3,000 times this morning; open interest on the strike is 13,715 contracts. Call volume is now running at 3x the daily average. Comcast Corporation is a provider of video, high-speed Internet and phone services, offering a variety of entertainment, information and communications services to residential and commercial customers.
Posted In: Long IdeasTechnicalsOptionsTrading IdeasBroadcasting & Cable TVConsumer Discretionary
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