Comcast's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bullish stance on Comcast.

Looking at options history for Comcast CMCSA we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $554,320 and 2, calls, for a total amount of $56,280.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $50.0 for Comcast during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Comcast's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Comcast's significant trades, within a strike price range of $40.0 to $50.0, over the past month.

Comcast Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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 62 million U.S. homes and businesses, or nearly half of the country. About 55% of the homes 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 broadcast 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 U.K. 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.

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.

Where Is Comcast Standing Right Now?

• Trading volume stands at 9,445,471, with CMCSA's price up by 1.55%, positioned at $42.34.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 49 days.

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.