A whale with a lot of money to spend has taken a noticeably bullish stance on Charter Communications.
Looking at options history for Charter Communications CHTR we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 35% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $396,391 and 6, calls, for a total amount of $254,680.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $390.0 to $400.0 for Charter Communications over the last 3 months.
Volume & Open Interest Development
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 Charter Communications'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 Charter Communications's whale activity within a strike price range from $390.0 to $400.0 in the last 30 days.
Charter Communications Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CHTR | PUT | TRADE | BULLISH | 06/21/24 | $390.00 | $56.8K | 31 | 3 |
| CHTR | PUT | SWEEP | BULLISH | 03/15/24 | $390.00 | $56.5K | 44 | 99 |
| CHTR | PUT | TRADE | BULLISH | 03/15/24 | $390.00 | $56.3K | 44 | 76 |
| CHTR | PUT | TRADE | BULLISH | 03/15/24 | $390.00 | $54.5K | 44 | 25 |
| CHTR | PUT | SWEEP | BULLISH | 03/15/24 | $390.00 | $49.7K | 44 | 41 |
Where Is Charter Communications Standing Right Now?
- With a volume of 908,095, the price of CHTR is up 0.22% at $372.82.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 88 days.
What The Experts Say On Charter Communications:
- Benchmark has decided to maintain their Buy rating on Charter Communications, which currently sits at a price target of $600.
- Bernstein downgraded its action to Market Perform with a price target of $463
- Morgan Stanley has decided to maintain their Equal-Weight rating on Charter Communications, which currently sits at a price target of $475.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Charter Communications, which currently sits at a price target of $500.
- Goldman Sachs has decided to maintain their Buy rating on Charter Communications, which currently sits at a price target of $450.
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 Charter Communications, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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