Option traders moderately bearish in Comcast with shares up 0.43%

Option traders moderately bearish in Comcast (CMCSA), with shares up 12c, or 0.43%, near $27.94. Options volume relatively light with 4913 contracts traded and puts leading calls for a put/call ratio of 1.94, compared to a typical level near 0.95. Implied volatility (IV30) is higher by 0.8 points near 38.21, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.67. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Comcast (CMCSA) will report earnings before the open on 2026-01-29.Option markets are pricing in a 50% probability of a move greater than 6.54% or $1.83.