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Charter Communications Unusual Options Activity For January 20

Financial giants have made a conspicuous bullish move on Charter Communications. Our analysis of options history for Charter Communications (NASDAQ:CHTR) revealed 42 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $758,417, and 35 were calls, valued at $18,008,314.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $350.0 for Charter Communications over the last 3 months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Charter Communications's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Charter Communications's substantial trades, within a strike price spectrum from $100.0 to $350.0 over the preceding 30 days.

Charter Communications Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CHTR CALL SWEEP BULLISH 01/21/28 $106.2 $105.7 $105.7 $100.00 $3.2M 3.9K 1.3K
CHTR CALL SWEEP BULLISH 01/21/28 $109.0 $100.0 $105.5 $100.00 $1.9M 3.9K 182
CHTR CALL SWEEP BULLISH 01/21/28 $105.5 $100.4 $105.5 $100.00 $1.5M 3.9K 1.0K
CHTR CALL SWEEP NEUTRAL 01/21/28 $106.2 $101.0 $106.1 $100.00 $1.1M 3.9K 1.5K
CHTR CALL SWEEP BULLISH 01/21/28 $105.7 $101.1 $105.5 $100.00 $1.0M 3.9K 802

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 58 million US homes and businesses, around 35% of the country. Across this footprint, Charter serves 29 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 (Los Angeles Lakers), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1. Charter plans to acquire cable peer Cox.

Charter Communications's Current Market Status

  • Trading volume stands at 876,499, with CHTR's price down by -1.5%, positioned at $186.66.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 10 days.

Expert Opinions on Charter Communications

In the last month, 3 experts released ratings on this stock with an average target price of $217.67.

  • An analyst from Bernstein has decided to maintain their Market Perform rating on Charter Communications, which currently sits at a price target of $240.
  • An analyst from UBS persists with their Neutral rating on Charter Communications, maintaining a target price of $233.
  • An analyst from Wells Fargo downgraded its action to Underweight with a price target of $180.

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.

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