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CMCSA Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate ยท 73/100
Comcast Corp (Communication Services) ยท $23.22 ยท
Analysis generated Oct 30, 2026 ยท
Data as of market close Oct 30
Quick Take
CMCSA is trading at $23.22 with RSI at 58 (neutral territory). Options IV is at 25% โ 64% below its 30-day average of 69%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
58
IV Today
24.7%
IV vs 30d Avg
-64%
MACD
bullish
ADX
27
MFI
64
The Setup
CMCSA Covered Call
LONG STOCK
100 shares @ $23.22
SHORT CALL
$25 Dec '26 ยท $0.5/sh
Net Cost
$2,272
Max Profit
+$228
Break-even
$22.72
Projected P&L at Target
+$228
(10.0%)
P&L at Expiry
P&L Scenarios
What happens at different CMCSA prices by expiry:
| CMCSA Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $19 (-20%) | -$416 | -$414 | -$414 | -$414 |
| $20 (-15%) | -$304 | -$300 | -$298 | -$298 |
| $21 (-10%) | -$198 | -$189 | -$183 | -$182 |
| $22 (-5%) | -$102 | -$86 | -$71 | -$66 |
| $23 (-2%) | -$49 | -$29 | -$8 | +$4 |
| $23 (0%) โ now | -$18 | +$5 | +$30 | +$50 |
| $24 (+2%) | +$12 | +$36 | +$66 | +$96 |
| $24 (+5%) | +$51 | +$78 | +$112 | +$166 |
| $25 (+8%) โ target | +$82 | +$110 | +$145 | +$228 |
| $26 (+10%) | +$105 | +$133 | +$168 | +$228 |
| $27 (+15%) | +$144 | +$170 | +$200 | +$228 |
| $28 (+20%) | +$171 | +$192 | +$215 | +$228 |
Why This Strategy, Why Now
- RSI at 58 โ neutral-bullish
- IV -64% vs avg โ premiums below average, less income
- MACD bullish โ stock has upward momentum
- ADX at 27 โ moderate trend
- No squeeze โ no imminent breakout
Key Risks
CMCSA has bullish momentum (MACD). If a positive catalyst emerges (earnings beat, product launch), the stock could gap past your strike. Consider rolling the call up if CMCSA approaches the strike before expiry.
ADX at 27 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.