CMCSA Short Put — Nov 20, 2026

CMCSA (Comcast Corporation - Class A Common Stock) presents a short put opportunity with very elevated implied volatility. IV Rank 88. IV 4150.0% trades 1889.0pp above 30-day HV (2261.0%). This setup favors net premium sellers.

Sell the $20 put for $0.29 credit. Naked single-leg exposure; collect premium from time decay if CMCSA stays above the strike. Underlying ~$20.66, 32 DTE. Max profit $29 per contract, max loss $1971, 1.5% return on risk, 81% POP. Breakeven at $19.71.

Management: take profit at ~50% of max profit ($14). Cut at 2x credit ($58 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.

Underlying: CMCSA @ ~$20.66 Expiration: Nov 20, 2026 (32 DTE) Net credit (entry): ~$29.00 per spread Legs:

• Sell CMCSA Nov 20, 2026 $20 Put (delta -0.19, mid $0.29)

Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~6.9% of mid) before sending.

Take profit at 50% of max profit ($14). Cut loss if position reaches 2x credit received ($58 loss). Roll if tested with > 14 DTE remaining.