Put Options on CMCSA on 10/3/2022

Comcast Corporation (CMCSA) operates as a media and technology company worldwide. Stockwinners

It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments.

The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

The Media segment operates NBCUniversal's television and streaming platforms, including national, regional, and international cable networks, the NBC and Telemundo broadcast, and Peacock networks. The Studios segment operates NBCUniversal's film and television studio production and distribution operations.

The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment offers direct-to-consumer services, such as video, broadband, voice and wireless phone services, and content business operates entertainment networks, the Sky News broadcast network, and Sky Sports networks.

The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and provides streaming service, such as Peacock. 

Shares have fallen through a support level and lower share prices are expected.

 

We wil be trading October 14th Put options

 

Entry Point: $29.33

Trading Range: $29.28 - $57.96

Trade

  • Buy 1 October $30.00 Put at $1.15
  • For a net debit of $1.15

Profit/Loss Analysis

  • Breakeven at $28.85
  • Maximum profit is unbounded
  • Maximum loss is ($115.00) at strike of $30.00

Closing Summary

  • Sold 1 October $30.00 Put at $1.75

Position closed on 10/20/2022 at price of $1.75 with a 52.17% gain in 17 days.

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