Comcast Enters Streaming Wars With Peacock

The stock is eyeing a fresh closing high today

Digital Content Manager
Jan 17, 2020 at 9:36 AM
facebook X logo linkedin

The shares of broadcasting name Comcast Corporation (NASDAQ:CMCSA) are eyeing their fifth straight win today as more details from the firm's streaming service Peacock roll out. The firm said it will offer a free tier of the service, as well as a $5 a month option -- which will include advertising -- in order to win over customers as a newcomer to the streaming game. Peacock will make be available on April 15 for Comcast customers, and July 15 nationwide. In the meantime, the stock is up 1.5% to trade at $47.55. 

CMCSA has had an impressive run since staging a sharp bounce off the $42 area in early December. Since then, the security has added 13.1%, and is up over 30% in the past 12-months. Plus, with recent support emerging at its 20-day moving average, Comcast is on track for its highest close on record. 

Despite this positive price action, there's still room for upgrades among the brokerage bunch. While 14 in coverage call the stock a "buy" or better, four still say "hold." 

In the options pits, CMCSA sports a Schaeffer's open interest ratio (SOIR) of 1.31, which sits higher than all but 1% of readings from the past year, meaning short-term traders have rarely been more put-biased during the past 12 months. An unwinding of these bearish bets could trigger a move higher in CMCSA shares.

Options are certainly the right move for anyone looking to invest in the media stock. The security's Schaeffer's Volatility Index (SVI) of 21% sits in the 19th percentile of its annual range. This means short-term options are pricing in extremely low volatility expectations right now.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI