Market Whales and Their Recent Bets on CHTR Options

Investors with a lot of money to spend have taken a bullish stance on Charter Communications CHTR.

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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with CHTR, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Charter Communications.

This isn't normal.

The overall sentiment of these big-money traders is split between 100% bullish and 0%, bearish.

Out of all of the options we uncovered, 9 are puts, for a total amount of $503,635, and there was 1 call, for a total amount of $41,800.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $430.0 to $490.0 for Charter Communications over the recent three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Charter Communications's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Charter Communications's significant trades, within a strike price range of $430.0 to $490.0, over the past month.

Charter Communications Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Charter Communications

Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 56 million U.S. homes and businesses, around 40% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest U.S. cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1.

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

Charter Communications's Current Market Status

• With a trading volume of 272,354, the price of CHTR is up by 0.66%, reaching $407.14.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 77 days from now.

Expert Opinions on Charter Communications

In the last month, 5 experts released ratings on this stock with an average target price of $490.0.

• An analyst from Citigroup has decided to maintain their Neutral rating on Charter Communications, which currently sits at a price target of $425.
• An analyst from Goldman Sachs has decided to maintain their Buy rating on Charter Communications, which currently sits at a price target of $450.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Charter Communications with a target price of $475.
• Consistent in their evaluation, an analyst from Benchmark keeps a Buy rating on Charter Communications with a target price of $600.
• An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Charter Communications, which currently sits at a price target of $500.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Charter Communications options trades with real-time alerts from Benzinga Pro.