Investors with a lot of money to spend have taken a bearish stance on Comcast CMCSA.
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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with CMCSA, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 17 uncommon options trades for Comcast.
This isn't normal.
The overall sentiment of these big-money traders is split between 47% bullish and 52%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $362,604, and 9 are calls, for a total amount of $340,373.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.5 and $46.5 for Comcast, spanning the last three months.
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 $37.5 to $46.5, over the past month.
Comcast Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CMCSA | PUT | TRADE | BULLISH | 03/15/24 | $37.50 | $85.0K | 5.4K | 5.0K |
| CMCSA | PUT | SWEEP | BEARISH | 02/16/24 | $44.00 | $60.2K | 303 | 1.5K |
| CMCSA | PUT | SWEEP | BEARISH | 02/16/24 | $43.50 | $54.5K | 40 | 1.0K |
| CMCSA | CALL | TRADE | BULLISH | 04/19/24 | $45.00 | $48.8K | 9.6K | 383 |
| CMCSA | CALL | TRADE | BEARISH | 03/15/24 | $45.00 | $45.8K | 9.1K | 1.0K |
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.
In light of the recent options history for Comcast, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Comcast
- Currently trading with a volume of 10,046,544, the CMCSA's price is up by 0.75%, now at $44.28.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 1 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Comcast, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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