27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bullish stance on Charter Communications (NASDAQ:CHTR).
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 CHTR, 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 30 uncommon options trades for Charter Communications.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 43%, bearish.
Out of all of the special options we uncovered, 26 are puts, for a total amount of $1,579,014, and 4 are calls, for a total amount of $213,960.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $170.0 to $400.0 for Charter Communications over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Charter Communications'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 Charter Communications's whale trades within a strike price range from $170.0 to $400.0 in the last 30 days.
Charter Communications 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CHTR | PUT | TRADE | BULLISH | 08/16/24 | $26.5 | $26.1 | $26.2 | $260.00 | $117.9K | 1.5K | 528 |
| CHTR | PUT | SWEEP | BULLISH | 06/20/25 | $52.8 | $51.4 | $51.4 | $280.00 | $107.9K | 5 | 0 |
| CHTR | PUT | TRADE | BULLISH | 08/16/24 | $26.4 | $26.1 | $26.2 | $260.00 | $107.4K | 1.5K | 389 |
| CHTR | PUT | TRADE | BULLISH | 08/16/24 | $26.4 | $26.1 | $26.2 | $260.00 | $107.4K | 1.5K | 307 |
| CHTR | PUT | TRADE | BULLISH | 08/16/24 | $26.5 | $26.0 | $26.2 | $260.00 | $94.3K | 1.5K | 483 |
About Charter Communications
Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 57 million US homes and businesses, around 40% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest US cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1.
After a thorough review of the options trading surrounding Charter Communications, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Charter Communications's Current Market Status
- Currently trading with a volume of 912,808, the CHTR's price is down by 0.0%, now at $260.5.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 11 days.
Professional Analyst Ratings for Charter Communications
In the last month, 5 experts released ratings on this stock with an average target price of $304.4.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Charter Communications with a target price of $290.
- An analyst from Barclays has decided to maintain their Underweight rating on Charter Communications, which currently sits at a price target of $250.
- Showing optimism, an analyst from Bernstein upgrades its rating to Outperform with a revised price target of $370.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Charter Communications, targeting a price of $315.
- An analyst from Rosenblatt has decided to maintain their Neutral rating on Charter Communications, which currently sits at a price target of $297.
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 Charter Communications, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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