Comcast's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bullish stance on Comcast CMCSA.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CMCSA, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for Comcast.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $63,540, and 6 are calls, for a total amount of $624,384.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $37.5 to $45.0 for Comcast over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Comcast stands at 5591.38, with a total volume reaching 4,352.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Comcast, situated within the strike price corridor from $37.5 to $45.0, throughout the last 30 days.

Comcast Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Comcast

Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 55% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also the largest pay-television provider in Italy and has a presence in Germany and Austria.

Having examined the options trading patterns of Comcast, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Comcast

• With a trading volume of 14,274,022, the price of CMCSA is down by -0.42%, reaching $38.24.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 27 days from now.

Professional Analyst Ratings for Comcast

In the last month, 1 experts released ratings on this stock with an average target price of $44.0.

• An analyst from Goldman Sachs downgraded its action to Buy with a price target of $44.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Comcast with Benzinga Pro for real-time alerts.