Notable call activity in Comcast as shares extend recent gains
Notable call activity in Comcast as shares extend recent gains. The stock up 41c to $34.96 and 3.3K Jul 33 calls sold at $1.65 and 7.2K Jul 34 calls at $1.10, to buy 4.2K Jul 35 calls for 53c. The three-way likely rolls ITM Jul 33 and 34 calls to a new position in upside Jul 35 strike calls - and trade history shows notable opening activity in Jul 33 and 34 calls on 6/20 for 58 and 98c, respectively, with shares at $33.40. 11.8K Jul 34 and 11.2K Jul 35 calls trade so far today. Aug 35, Jul 13th 34 calls, and Aug 32.5 calls also drawing interest. Total volume lopsided more than 20:1 at 43K calls and 1.8K puts. The interest comes after a two-week 7% advance in shares and ahead of earnings, 7/26.