I sold options, bought stock and took a loss on CMCSA a few months ago and heard Jim Cramer mention it again on Friday’s show during the lightening round. I’m not a buyer right now. I looked at its stock chart (attached below) and saw it’s at the top side of its fairly solid trading channel. A few weeks ago CMCSA broke through its short term downward trending line of lower highs to fall back in line with its now solidified channel that is slowly rising.
I’ll continue to follow this one as it dips again towards 26. I’ve set up a trade trigger to email me when it drops below 26.75 to remind meto take another look. It might not have enough room to buy a call on and could be too far from the strike to make the OTM naked puts worth selling. If both of those are the case, I might be using it as a trade in my IRA where I mentioned earlier I’m going to start limiting my option use a little.
Click on the thumbnail below for a full sized chart.
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