By Jud Pyle, CFA, chief investment strategist for the Options News Network

CHICAGO (

TheStreet

) -- Although shares haven't closed higher than $18 in months, at least one investor expressed a bullish view of

TST Recommends

Comcast

(CMCSK)

on Tuesday, looking for a big-time bump in the stock.

Looking at the out-of-the-money January 2010 18 calls, more than 50,000 of these options traded yesterday. These calls climbed 12 cents on the day and were home to open interest of 224 contracts. The Jan. 18 calls had a volume weighted average price (VWAP) of 40 cents yesterday, meaning bullish investors buying these options need Comcast shares to expire higher than $18.40 to make money.

Normal daily options volume in Comcast is approximately 3,000 contracts, compared to the 56,000 contracts that changed hands yesterday. The bulk of that volume accumulated in the Jan. 18 call series.

Comcast shares have not traded higher than $18 since October 2008. Remember though, this investor could also make money by selling out the calls should they rally with the stock prior to expiration.

Call-buying like this does not automatically mean that investors should run out and buy shares. The company did not announce big news today, but it is worth noting that there is at least one investor that could be betting that Comcast shares could shoot beyond its current levels during the next six months. Comcast share are currently down 37 cents to $14.32.

Jud Pyle is the chief investment strategist for Options News Network and the portfolio manager of TheStreet.com Options Alerts. Click here for a free trial for Options Alerts. Mr. Pyle writes regularly about options investing for TheStreet.com.

Jud Pyle, CFA, is the chief investment strategist for Options News Network. Pyle started his career in finance in 1994 as a derivative analyst with SBC Warburg. After four years with Warburg, Pyle joined PEAK6 Investments, L.P., in 1998 as an equity options trader and as chief risk officer. A native of Minneapolis, Pyle received his bachelor's degree in economics and history from Colgate University in 1994. As a trader, Pyle traded on average over 5,000 contracts per day, and over 1.2 million contracts per year. He also built the stock group for all PEAK6 Investments, L.P. hedging, which currently trades on average over 5 million shares per day, and over 1 billion shares per year. Further, from 2004-06, he managed the trading and risk management for PEAK6 Investments L.P.'s lead market-maker operation on the former PCX exchange, which traded more than 10,000 contracts per day. Pyle is the "Mad About Options" resident expert. He is also a regular contributor to "Options Physics."