20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Comcast.
Looking at options history for Comcast (NASDAQ:CMCSA) we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $433,078 and 12, calls, for a total amount of $6,009,958.
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 $35.0 to $55.0 for Comcast over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Comcast's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Comcast's whale activity within a strike price range from $35.0 to $55.0 in 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 | CALL | TRADE | BEARISH | 09/15/23 | $35.00 | $4.2M | 4 | 0 |
| CMCSA | CALL | TRADE | BULLISH | 08/18/23 | $42.50 | $801.7K | 32.4K | 28 |
| CMCSA | PUT | TRADE | BEARISH | 06/21/24 | $47.50 | $400.0K | 24.8K | 1.0K |
| CMCSA | CALL | SWEEP | BEARISH | 01/17/25 | $37.50 | $322.1K | 581 | 274 |
| CMCSA | CALL | SWEEP | BEARISH | 09/15/23 | $47.50 | $111.4K | 2.7K | 2.1K |
Where Is Comcast Standing Right Now?
- With a volume of 10,779,496, the price of CMCSA is up 1.7% at $46.05.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 77 days.
What The Experts Say On Comcast:
- Morgan Stanley has decided to maintain their Overweight rating on Comcast, which currently sits at a price target of $50.
- Rosenblatt has decided to maintain their Neutral rating on Comcast, which currently sits at a price target of $43.
- Argus Research has decided to maintain their Buy rating on Comcast, which currently sits at a price target of $50.
- Barclays has decided to maintain their Equal-Weight rating on Comcast, which currently sits at a price target of $47.
- Macquarie upgraded its action to Neutral with a price target of $46
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.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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