CMCSA wheel: cash-secured put & covered-call yields
Comcast Corp · Communication services · $24.39 close on Nov 6, 2026
What the Nov 6, 2026 close says about CMCSA
At 30.6% implied volatility, the options market is pricing a one-standard-deviation move of about $2.31 (9.5%) in CMCSA by Dec 11, 2026, 35 days out.
Selling the $23 put (−0.27Δ) for $0.40 means assignment would leave a cost basis of $22.60, 7.3% below the $24.39 close.
The 70-day 0.30Δ put pays 1.6× the premium of the 35-day one for 2.0× the time — more premium per day on the 35-day contract ($0.011 vs $0.009).
At 0.30Δ on the Dec 11 expiry the put yields 1.74% on its strike and the call 2.09% on spot: calls pay 1.2× what puts do on CMCSA this session.
Open interest in the stored window totals 249,396 contracts; the largest single line is the $30 call expiring Jan 15 with 106,439 (42.7% of the window).
By options volume CMCSA ranks #278 of 679 names in our universe.
Near-the-money options volume (462) is in line with its 5-session average.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on CMCSA
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $23 | −0.27 | $0.40 Nov 6 | $40.00 | $2,300 | 1.74% | 18.1% | $22.60 | 125 | 2 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #8180 · session 2026-11-06 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 35
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $22.50 | −0.28 | $0.63 Nov 6 | $63.00 | $2,250 | 2.80% | 14.6% | $21.87 | 5,864 | 31 |
| 0.20Δ | $21 | −0.15 | $0.33 Nov 6 | $33.00 | $2,100 | 1.57% | 8.2% | $20.67 | 7,866 | 30 |
Snapshot #8180 · session 2026-11-06 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 70
Covered calls on CMCSA
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $26 | 0.31 | $0.51 Nov 6 | $51.00 | 2.09% | 21.8% | 8.69% | 90.6% | 284 | 31 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #8180 · session 2026-11-06 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 35
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $26 | 0.31 | $0.88 Nov 6 | $88.00 | 3.61% | 18.8% | 10.21% | 53.2% | 9,633 | 85 |
| 0.20Δ | $27.50 | 0.21 | $0.44 Nov 6 | $44.00 | 1.80% | 9.4% | 14.56% | 75.9% | 17,583 | 123 |
Snapshot #8180 · session 2026-11-06 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 70
CMCSA volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 30.6%session 2026-11-06
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- Unavailable4checked Nov 2, 2026
- Open interest, stored window
- 249,396 contractssession 2026-11-06
- Largest open-interest line
- $30 call · Jan 15 · 106,439
- Bid/ask spread
- Unavailable5
- Options liquidity rank
- #278 of 679 optionable names by options volume
How these numbers are made
One end-of-day snapshot per session from a 15-minute-delayed feed. A premium is a contract’s last trade, used only if it printed that session, sits above intrinsic value and is in order with its neighbours; deltas are the feed’s own. Expiries are the first at least 30 and 60 days out, and nothing under 30 days is annualized. Not investment advice. Full methodology.
- No contract near 0.20Δ traded this session
- We are building our own daily implied-volatility history (34 of 252 sessions so far); IV rank and percentile need a full year of it.
- Our data provider does not license announced earnings dates, and we do not publish estimates.
- The last dividend check is 10 days old — too old to rule out a newer declaration.
- Our data feed carries last trades, not live bid/ask quotes, so we cannot show a spread.