This Is What Whales Are Betting On Charter Communications

Whales with a lot of money to spend have taken a noticeably bullish stance on Charter Communications.

Looking at options history for Charter Communications CHTR we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $606,480 and 6, calls, for a total amount of $1,211,131.

Latest Startup Investment Opportunities:

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $180.0 to $400.0 for Charter Communications during the past quarter.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Charter Communications stands at 988.2, with a total volume reaching 1,552.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Charter Communications, situated within the strike price corridor from $180.0 to $400.0, throughout the last 30 days.

Charter Communications 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

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

Present Market Standing of Charter Communications

• With a trading volume of 251,528, the price of CHTR is down by -1.69%, reaching $261.81.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 2 days from now.

Expert Opinions on Charter Communications

In the last month, 5 experts released ratings on this stock with an average target price of $305.4.

• An analyst from Deutsche Bank persists with their Hold rating on Charter Communications, maintaining a target price of $320.
• An analyst from JP Morgan has decided to maintain their Neutral rating on Charter Communications, which currently sits at a price target of $335.
• Consistent in their evaluation, an analyst from Barclays keeps a Underweight rating on Charter Communications with a target price of $250.
• Maintaining their stance, an analyst from Rosenblatt continues to hold a Neutral rating for Charter Communications, targeting a price of $297.
• An analyst from UBS persists with their Neutral rating on Charter Communications, maintaining a target price of $325.

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.