Comcast (CMCSA) Receives An Aggressive Price Upgrade
TD Securities recently upgraded their price targets for CMCSA to $57. That’s more than 30% upside from current levels. They weren’t the only ones to raise targets, full details can be found here. Also have a look at this Zack’s article that makes a case for why timing is right to get into Comcast stock – Here is Why Growth Investors Should Buy Comcast Now.
____________ advertisment ______________
Top 5 Pot Marijuana Stocks for the Rest of 2019
The next wave of legal marijuana profit opportunities is already underway. Investors looking to profit from the ongoing "green rush" will need to choose their investments carefully. This Special Report reveals the names of 5 stocks identified as the "best of the best" for maximum upside in this rapidly-growing sector.
Click Here to Download the FREE Report
______________________________________
Technicals
From a technical perspective, CMCSA has been consolidating between two horizontal levels for about a month. Sideways consolidations often occur following a lengthy uptrend as seen in this stock. Downside support is found at $42.17 followed by the 50-day moving average which falls just below the level, currently near $41.71. An upside break above $44 resistance would signal that the uptrend has resumed.
*source Tradingview.com
If you agree there's further upside ahead for CMCSA, consider this trade which is a bet that the stock will continue to advance over the next six weeks, or at least not decline very much.
Buy To Open CMCSA 5JUL19 40 Puts (CMCSA19075P40)
Sell To Open CMCSA 5JUL19 42.05 Puts (CMCSA19075P42.05) for a credit of $0.72 (selling a vertical)
This price was $0.02 less than the mid-point of the option spread when CMCSA was trading near $43. Unless the stock rallies quickly from here, you should be able to get close to this amount.
Your commission on this trade will only be $2.50 per spread (the rate charged by thinkorswim for Terry’s Tips’ subscribers). Each contract would then yield $69.50 and your broker would charge a $205 maintenance fee, making your investment $135.50 ($205 – $69.50). If CMCSA closes at any price above $42.05 on July 5, both options would expire worthless, and your return on the spread would be 51% (477% annualized).
____________ advertisment ______________
Bloodbath Millionaire system turns $5,000 into $35,732
If you're interested in winning 90% of your trades and turning huge profits in down markets, you need to download this FREE e-book explaining how to become a Bloodbath Millionaire.
More here...
______________________________________
Changes to Investor’s Business Daily (IBD) Top 50 This Week:
We have found that the Investor’s Business Daily Top 50 List has been a reliable source of stocks that are likely to move higher in the short run. Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock.
As with all investments, you should only make option trades with money that you can truly afford to lose.
Happy trading,
Terry
____________ advertisment ______________
Get My #1 Pot Stock Pick (It's Already Up 70% In 2019)
There's a Maryland company with a program that gives you the guaranteed opportunity to collect checks of $9,974 or more from the legal marijuana boom. Better still, you could make a hefty profit, too. This company is so good at what it does...its value shot up 140% in the last year alone. And it's only getting started.
I'll show you why here.
______________________________________
Any questions? I would love to hear from you by email (terry@terrystips.com), or if you would like to talk to our guy Seth, give him a jingle at 800-803-4595 and either ask him your question(s) or give him your thoughts. seth@terrystips.com
You can see every trade made in the actual option portfolios conducted at Terry’s Tips and learn all about the wonderful world of options by subscribing here. Why wait any longer to make this important investment in yourself?
Even better, you can become a Terry’s Tips Insider, and receive all our educational reports and materials absolutely free by opening a new account at the best options broker around - thinkorswim. If you open an account with our link, they will give you 60 days of free trading or up to $600, the same deals they give to everyone who opens an account with them. You must use this link to sign up - open thinkorswim account – and once you have funded your account with at least $3500, email Seth@TerrysTips.com and let him know that you have done it, and this is what he will do – sign you for our Premium Service package ($119.95 value plus an extra 4 months of our Premium Service, valued at another $190.80). You get $300.65 worth of services without paying us one penny.
I look forward to having you on board, and to prospering with you.
Terry
|
