Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CMCSA options intelligence
Comcast Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
41
Market data through 31 Jul 2026
Checked 1 Aug 2026 04:14 · complete available chain
Call-side pressure
Bullish pressure
CMCSA currently carries bullish options pressure with a 41/100 conviction score. The nearest-chain expected move is 7.4%, with volume/open-interest participation at 0.03.
Expected move
7.4%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.51
Call-side skew
Trend fit
28
Options are not fully confirming trend
Weekly backdrop
+7.5%
RS -17.7
Expected move
7.4%
Put-call volume
0.51
Volume / OI
0.03
Reference IV
1.34
Max pain
23.00
Underlying
22.30
Nearest expiry
31 Jul 2026
Contracts
690
Research Brief
CMCSA has a bullish chain read with 41/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 20.63–23.96; The largest call open-interest concentration is 24.00; the largest put concentration is 24.00. The most active strike by current volume is 24.00.
Priced range20.63–23.96
Call concentration24.00
Put concentration24.00
Max pain reference23.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
- Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.
Priced Move
Where the chain says movement becomes exceptional
Options imply 20.63 to 23.96. Max pain at 23.00 sits inside that range, 3.2% above spot.
Spot
Max pain
20.6322.30 ± 1.6623.96
Confirmation level
A close beyond 23.96 or below 20.63 at the 31 Jul expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 41/100
Pressure is 39/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure39 × 42%
+16.5
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
Volume relative to existing open interest and contract-level activity.
Trend agreement28 × 26%
+7.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility86 × 10%
+8.6
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 24.00; the largest put concentration is 24.00. The most active strike by current volume is 24.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
171
20.50-8.1%
8
438
21.00-5.8%
359
382
21.50-3.6%
9
1799
22.00-1.3%
362
1607
22.500.9%
950
1038
23.003.2%
2322
299
23.505.4%
1571
2125
24.007.6%
5478
20
24.509.9%
1760
143
25.0012.1%
2795
11
25.5014.4%
629
6
26.0016.6%
1339
0
26.5018.9%
278
0
27.0021.1%
535
0
28.0025.6%
401
0
29.0030.1%
650
13
30.0034.6%
1086
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.34
31 Jul
0d
0.52
7 Aug
7d
0.44
14 Aug
14d
0.31
21 Aug
21d
0.34
28 Aug
28d
0.31
4 Sep
35d
0.35
11 Sep
42d
0.34
18 Sep
49d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
18
19
20
20
21
21
22
22
23
23
24
24
25
25
26
26
27
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 690 / 690
- No material coverage gap was detected in the retained chain.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $1.8M of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+39
1W price+7.5%
Call premium83%
Put premium17%
Notional split
C 83% / P 17%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
28/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · OTM
calls cluster with 3448 contracts traded, $341911 estimated gross traded notional, and 19% of visible notional.
$341911
Calls · 0-7 days · OTM
calls cluster with 7670 contracts traded, $245553 estimated gross traded notional, and 14% of visible notional.
$245553
Calls · 22-45 days · ITM
calls cluster with 662 contracts traded, $205250 estimated gross traded notional, and 12% of visible notional.
$205250
Calls · 0-7 days · ITM
calls cluster with 313 contracts traded, $196661 estimated gross traded notional, and 11% of visible notional.
$196661
Calls · 8-21 days · OTM
calls cluster with 3500 contracts traded, $141624 estimated gross traded notional, and 8% of visible notional.
$141624
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close23.96
1W+7.5%
RS-17.7
Fair value-22.0%
Options pressure39
Speculation41
Volatility86
Trend fit28
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:03
Bullish
Pressure 50
Move 9.2%
30 Jul 10:02
Bullish
Pressure 49
Move 8.9%
31 Jul 13:33
Bullish
Pressure 20
Move 7.7%
31 Jul 15:29
Mixed
Pressure -3
Move 6.4%
31 Jul 16:34
Mixed
Pressure -4
Move 7.0%
31 Jul 18:05
Mixed
Pressure 0
Move 7.2%
31 Jul 23:59
Mixed
Pressure 14
Move 7.4%
1 Aug 03:14
Bullish
Pressure 39
Move 7.4%
Strike Map
Where activity is clustering
Strike13.00
Calls · V 2 · OI 164
Puts · V 0 · OI 9
Strike14.00
Calls · V 7 · OI 164
Puts · V 0 · OI 6
Strike15.00
Calls · V 11 · OI 16
Puts · V 14 · OI 3
Strike16.00
Calls · V 15 · OI 58
Puts · V 4 · OI 3
Strike17.00
Calls · V 113 · OI 62
Puts · V 1 · OI 2
Strike18.00
Calls · V 115 · OI 13
Puts · V 1 · OI 37
Strike19.00
Calls · V 9 · OI 10
Puts · V 0 · OI 65
Strike19.50
Calls · V 6 · OI 5
Puts · V 0 · OI 1
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts66
Avg IV1.34
Put-call0.64
Expiry7 Aug 2026
Contracts66
Avg IV0.52
Put-call0.16
Expiry14 Aug 2026
Contracts60
Avg IV0.44
Put-call0.27
Expiry21 Aug 2026
Contracts66
Avg IV0.31
Put-call0.88
Expiry28 Aug 2026
Contracts40
Avg IV0.34
Put-call0.10
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.09
Put IV0.84
Skew0.75
7 Aug 2026Put IV premium
Call IV0.35
Put IV0.46
Skew0.12
14 Aug 2026Balanced skew
Call IV0.34
Put IV0.38
Skew0.04
21 Aug 2026Put IV premium
Call IV0.34
Put IV0.47
Skew0.14
28 Aug 2026Balanced skew
Call IV0.35
Put IV0.37
Skew0.02
Contract Tape
Most active contracts
ContractCMCSA260807C00024000
SideCall
Expiry7 Aug 2026
Strike24.00
Volume3125
OI2707
IV0.34
ContractCMCSA260821P00023000
SidePut
Expiry21 Aug 2026
Strike23.00
Volume2551
OI8219
IV0.33
ContractCMCSA270617C00035000
SideCall
Expiry17 Jun 2027
Strike35.00
Volume2500
OI2200
IV0.36
ContractCMCSA260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume1998
OI6890
IV0.34
ContractCMCSA260731C00024000
SideCall
Expiry31 Jul 2026
Strike24.00
Volume1734
OI5478
IV0.09
ContractCMCSA260731P00024000
SidePut
Expiry31 Jul 2026
Strike24.00
Volume1672
OI2125
IV0.01
ContractCMCSA270319P00013000
SidePut
Expiry19 Mar 2027
Strike13.00
Volume1436
OI3186
IV0.48
ContractCMCSA260807C00024500
SideCall
Expiry7 Aug 2026
Strike24.50
Volume1260
OI1166
IV0.34
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.