Financial giants have made a conspicuous bullish move on Charter Communications. Our analysis of options history for Charter Communications CHTR revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $347,042, and 4 were calls, valued at $154,387.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $360.0 to $390.0 for Charter Communications during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $360.0 to $390.0 in the last 30 days.
Charter Communications Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CHTR | PUT | SWEEP | BULLISH | 01/19/24 | $360.00 | $144.5K | 959 | 134 |
| CHTR | PUT | TRADE | BEARISH | 03/15/24 | $390.00 | $72.8K | 264 | 65 |
| CHTR | PUT | TRADE | BULLISH | 03/15/24 | $390.00 | $69.5K | 264 | 65 |
| CHTR | PUT | TRADE | BULLISH | 03/15/24 | $390.00 | $60.1K | 264 | 43 |
| CHTR | CALL | TRADE | BEARISH | 03/15/24 | $390.00 | $50.6K | 225 | 142 |
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
- Trading volume stands at 350,824, with CHTR's price down by 0.0%, positioned at $361.98.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 50 days.
Expert Opinions on Charter Communications
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $490.0.
- Consistent in their evaluation, an analyst from Benchmark keeps a Buy rating on Charter Communications with a target price of $490.
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 Charter Communications with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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