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 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $445,585 and 2, calls, for a total amount of $112,000.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $270.0 for Charter Communications during the past quarter.
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 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 activity within a strike price range from $200.0 to $270.0 in the last 30 days.
Charter Communications Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CHTR | PUT | SWEEP | NEUTRAL | 05/24/24 | $7.7 | $7.3 | $7.53 | $270.00 | $130.7K | 48 | 379 |
| CHTR | PUT | SWEEP | BULLISH | 05/17/24 | $5.6 | $5.3 | $5.43 | $270.00 | $94.1K | 313 | 671 |
| CHTR | PUT | SWEEP | NEUTRAL | 05/24/24 | $7.7 | $7.4 | $7.55 | $270.00 | $74.7K | 48 | 426 |
| CHTR | CALL | SWEEP | BEARISH | 01/16/26 | $112.6 | $112.0 | $112.0 | $200.00 | $67.2K | 177 | 27 |
| CHTR | PUT | SWEEP | BEARISH | 05/17/24 | $5.4 | $5.3 | $5.3 | $270.00 | $64.0K | 313 | 160 |
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
Where Is Charter Communications Standing Right Now?
- With a trading volume of 397,505, the price of CHTR is down by -0.36%, reaching $271.79.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 78 days from now.
Expert Opinions on Charter Communications
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $291.4.
- Maintaining their stance, an analyst from Loop Capital continues to hold a Hold rating for Charter Communications, targeting a price of $285.
- An analyst from B of A Securities has decided to maintain their Neutral rating on Charter Communications, which currently sits at a price target of $300.
- An analyst from Wells Fargo persists with their Equal-Weight rating on Charter Communications, maintaining a target price of $260.
- An analyst from Deutsche Bank persists with their Hold rating on Charter Communications, maintaining a target price of $320.
- An analyst from Rosenblatt has decided to maintain their Neutral rating on Charter Communications, which currently sits at a price target of $292.
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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