Behind the Scenes of Comcast's Latest Options Trends

Investors with a lot of money to spend have taken a bearish stance on Comcast (NASDAQ:CMCSA).

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 9 options trades for Comcast.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $28,574, and 8, calls, for a total amount of $336,776.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $39.0 for Comcast over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Comcast's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Comcast's whale activity within a strike price range from $30.0 to $39.0 in the last 30 days.

Comcast 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Comcast

After a thorough review of the options trading surrounding Comcast, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Comcast's Current Market Status

  • With a trading volume of 3,763,953, the price of CMCSA is up by 0.16%, reaching $37.0.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 29 days from now.

Expert Opinions on Comcast

1 market experts have recently issued ratings for this stock, with a consensus target price of $40.0.

Turn $1000 into $1270 in just 20 days?

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Comcast, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.