Market Whales and Their Recent Bets on CMCSA Options

Deep-pocketed investors have adopted a bullish approach towards Comcast CMCSA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CMCSA usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Comcast. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 2 are puts, totaling $282,402, and 8 are calls, amounting to $891,129.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $42.5 to $47.5 for Comcast over the last 3 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 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 $42.5 to $47.5, over the past month.

Comcast 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

Following our analysis of the options activities associated with Comcast, we pivot to a closer look at the company's own performance.

Present Market Standing of Comcast

• With a trading volume of 6,079,230, the price of CMCSA is up by 0.32%, reaching $43.41.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 13 days from now.

What Analysts Are Saying About Comcast

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $46.0.

• Maintaining their stance, an analyst from Rosenblatt continues to hold a Neutral rating for Comcast, targeting a price of $46.

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.