A financial giant has made a conspicuous bullish move on Comcast. Our analysis of options history for Comcast CMCSA revealed 10 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, 5 were puts, with a value of $228,684, and 5 were calls, valued at $186,480.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $42.5 for Comcast over the recent three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Comcast's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Comcast's substantial trades, within a strike price spectrum from $42.5 to $42.5 over the preceding 30 days.
Comcast Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CMCSA | PUT | TRADE | BULLISH | 06/21/24 | $42.50 | $53.0K | 7.6K | 981 |
| CMCSA | PUT | TRADE | BULLISH | 06/21/24 | $42.50 | $48.2K | 7.6K | 358 |
| CMCSA | PUT | TRADE | BULLISH | 06/21/24 | $42.50 | $46.1K | 7.6K | 1.3K |
| CMCSA | CALL | TRADE | BEARISH | 06/21/24 | $42.50 | $46.1K | 1.5K | 131 |
| CMCSA | PUT | TRADE | BULLISH | 06/21/24 | $42.50 | $43.0K | 7.6K | 187 |
Current Position of Comcast
- Trading volume stands at 5,323,236, with CMCSA's price down -0.47%, positioned at $42.26. RSI indicators show the stock to be is currently neutral between overbought and oversold. Earnings announcement expected in 79 days.
Professional Analyst Ratings for Comcast:
- Rosenblatt downgraded its action to Neutral with a price target of $44.
- Consistent in their evaluation, Barclays keeps a Equal-Weight rating on Comcast with a target price of $44.
- Scotiabank has revised its rating downward to Sector Perform, adjusting the price target to $49.
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.
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