Whales with a lot of money to spend have taken a noticeably bearish stance on Comcast.
Looking at options history for Comcast CMCSA we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $482,644 and 4, calls, for a total amount of $151,096.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $50.0 for Comcast over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Comcast options trades today is 7658.25 with a total volume of 10,068.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Comcast's big money trades within a strike price range of $40.0 to $50.0 over the last 30 days.
Comcast Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CMCSA | PUT | SWEEP | BEARISH | 02/23/24 | $43.00 | $130.4K | 6.7K | 2.5K |
| CMCSA | PUT | TRADE | BULLISH | 02/16/24 | $42.00 | $115.2K | 3.1K | 2.2K |
| CMCSA | PUT | TRADE | BEARISH | 02/23/24 | $43.00 | $97.8K | 6.7K | 1.4K |
| CMCSA | PUT | SWEEP | BEARISH | 02/23/24 | $43.00 | $78.3K | 6.7K | 11 |
| CMCSA | PUT | SWEEP | BULLISH | 02/23/24 | $43.00 | $60.7K | 6.7K | 2.7K |
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.
Comcast's Current Market Status
- Trading volume stands at 1,602,451, with CMCSA's price up by 0.4%, positioned at $43.03.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 77 days.
What The Experts Say On Comcast
2 market experts have recently issued ratings for this stock, with a consensus target price of $51.5.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Comcast with a target price of $50.
- An analyst from Citigroup has decided to maintain their Buy rating on Comcast, which currently sits at a price target of $53.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Comcast options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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