CMCSA Short Put — Nov 20, 2026
Trade Setup
Current Stock Price
$31.50
Entry Price
$31.50
Target Price
$15.75
Stop Loss
$63.00
Expiration
Nov 20, 2026
Suggested Contracts
1
Strike Details
Sell 19P
Risk / Reward
Max Loss
$1868.50
Max Profit
$31.50
Analysis
CMCSA (Comcast Corporation - Class A Common Stock) presents a short put opportunity with very elevated implied volatility. IV Rank 81. IV 3917.0% trades 1074.0pp above 30-day HV (2843.0%). This setup favors net premium sellers.
Sell the $19 put for $0.32 credit. Naked single-leg exposure; collect premium from time decay if CMCSA stays above the strike. Underlying ~$21.57, 46 DTE. Max profit $32 per contract, max loss $1868, 1.7% return on risk, 82% POP. Breakeven at $18.68.
Management: take profit at ~50% of max profit ($16). Cut at 2x credit ($63 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.
Setup Instructions
Underlying: CMCSA @ ~$21.57 Expiration: Nov 20, 2026 (46 DTE) Net credit (entry): ~$31.50 per spread Legs:
- Sell CMCSA Nov 20, 2026 $19 Put (delta -0.18, mid $0.32)
Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~3.2% of mid) before sending.
Management Plan
Take profit at 50% of max profit ($16). Cut loss if position reaches 2x credit received ($63 loss). Roll if tested with > 14 DTE remaining.