Whales with a lot of money to spend have taken a noticeably bearish stance on Charter Communications.
Looking at options history for Charter Communications CHTR we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $1,120,426 and 5, calls, for a total amount of $429,246.
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 $250.0 to $310.0 for Charter Communications over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Charter Communications options trades today is 186.4 with a total volume of 1,258.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Charter Communications's big money trades within a strike price range of $250.0 to $310.0 over the last 30 days.
Charter Communications Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CHTR | PUT | TRADE | BULLISH | 09/20/24 | $17.8 | $16.7 | $16.7 | $250.00 | $584.5K | 200 | 14 |
| CHTR | PUT | TRADE | BULLISH | 05/17/24 | $6.8 | $6.5 | $6.5 | $250.00 | $196.3K | 159 | 303 |
| CHTR | CALL | SWEEP | BULLISH | 06/21/24 | $10.1 | $10.1 | $10.1 | $310.00 | $168.6K | 95 | 0 |
| CHTR | CALL | SWEEP | BULLISH | 04/19/24 | $11.1 | $11.0 | $11.0 | $270.00 | $137.5K | 213 | 125 |
| CHTR | PUT | SWEEP | BEARISH | 05/17/24 | $9.7 | $9.3 | $9.7 | $260.00 | $96.9K | 161 | 310 |
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 56 million U.S. 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 U.S. 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.
Having examined the options trading patterns of Charter Communications, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Charter Communications Standing Right Now?
- With a trading volume of 1,034,595, the price of CHTR is down by -0.84%, reaching $275.69.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 23 days from now.
Professional Analyst Ratings for Charter Communications
In the last month, 4 experts released ratings on this stock with an average target price of $320.0.
- An analyst from UBS persists with their Neutral rating on Charter Communications, maintaining a target price of $325.
- Showing optimism, an analyst from Bernstein upgrades its rating to Outperform with a revised price target of $370.
- An analyst from Barclays persists with their Underweight rating on Charter Communications, maintaining a target price of $250.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Charter Communications, targeting a price of $335.
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 Charter Communications options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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