Comcast Unusual Options Activity

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 11 uncommon options trades for Comcast.

This isn't normal.

The overall sentiment of these big-money traders is split between 0% bullish and 90%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $458,093, and 2 are calls, for a total amount of $227,500.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $39.0 to $47.5 for Comcast over the last 3 months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Comcast options trades today is 7947.0 with a total volume of 1,500.00.

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 $39.0 to $47.5 over the last 30 days.

Comcast Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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 63 million US homes and businesses, or nearly half of the country. About 55% of the locations 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 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 UK 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.

Comcast's Current Market Status

• With a trading volume of 3,920,577, the price of CMCSA is down by -0.41%, reaching $39.0.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 22 days from now.

Professional Analyst Ratings for Comcast

In the last month, 1 experts released ratings on this stock with an average target price of $44.0.

• An analyst from Goldman Sachs downgraded its action to Buy with a price target of $44.

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.