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Bullish Traders Scalp CMCSA Calls Hot on the Heels of Analyst Upgrade

by | Oct 13, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at cable TV kingpin Comcast after receiving its latest stock upgrade.

September’s Consumer Price Index showed an 8.2% rise in its basket of goods and services year over year, down slightly from August’s 8.3% rise.

In turn, we saw stocks squeeze higher Thursday following the release of the latest inflation figures as the S&P 500 rallied around 2.4%.

The bounce had traders in a bullish mood as a flurry of call buying hit the tape early in the session.

A Comcast stock chart (Blitz Daily With Lance Ippolito)

Wondering what those little arrows mean and how they can help improve your trading? Get the details here!

Cable TV giant Comcast was among those benefiting from Thursday’s optimism after analysts at Citigroup upgraded the stock with a buy rating.

The news helped catapult shares of the broadband behemoth around 6% from Wednesday’s closing price as traders grabbed shares and call options by the fistful!

My scanners spotted one institutional buyer sweep up about 3,000 contracts of the Oct. 14 expiration, $29 strike call options for around $114,000 in premium!

And that wasn’t the only name getting love from the bulls Thursday…

  • Comcast Corp. (NYSE: CMCSA): Oct. 14, $29 CALL. 
  • Tesla Inc. (Nasdaq: TSLA): Oct. 14, $210 CALL.
  • Ford Motor Co. (NYSE: F): Oct. 28, $14.50 PUT. 

Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat! 

P.S. Monday’s are the BEST!

I couldn’t wait to get in front of my computer this morning to see how our three weekend Wiretap Alerts trades worked out….  And I wasn’t disappointed! 

Right now, the portfolio stands at 116 winners and 47 losers.*

The success we’ve seen with this strategy has exceeded my wildest expectations!

Find Out How to Share This Excitement

Blitz Daily With Lance Ippolito

At Weekly Blitz Alerts, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Scanner, which alerts me to big, institutional order flow through the day. Then we get in on these plays and follow the “smart money.” 

The Blitz Daily with Lance Ippolito is where I go over a few options trades that hit the Blitz Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*

If you want in on these explosive options plays, be sure to sign up for Weekly Blitz Alerts! We send entry, profit targets and exits directly to you via text and email alerts.

In the meantime, you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading on WealthPress.com!

This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

*We make no future earnings claims, and you may lose money. From Sept. 20, 2021 to Oct. 11, 2022, on live trades, the win rate is 71.2%, the average return is 15.7% on the options over a three-day average hold time, with a total portfolio return of 528%.

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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