Looking At Comcast's Recent Whale Trades

Looking At Comcast's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Comcast CMCSA.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CMCSA, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 22 uncommon options trades for Comcast.

This isn't normal.

The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.

Out of all of the special options we uncovered, 18 are puts, for a total amount of $2,368,640, and 4 are calls, for a total amount of $1,528,545.

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 $32.5 to $45.0 for Comcast over the last 3 months.

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 Comcast'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 Comcast's whale activity within a strike price range from $32.5 to $45.0 in the last 30 days.

Comcast Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CMCSA CALL TRADE NEUTRAL 06/16/23 $45.00 $1.3M 18.3K 7.6K
CMCSA PUT SWEEP BULLISH 07/29/22 $43.00 $1.1M 3.6K 3.1K
CMCSA PUT SWEEP BULLISH 07/29/22 $44.00 $552.9K 1.2K 1.1K
CMCSA PUT SWEEP BULLISH 07/29/22 $42.00 $125.8K 1.8K 275
CMCSA PUT SWEEP BEARISH 01/20/23 $35.00 $59.4K 11.2K 2.1K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CMCSA CALL TRADE NEUTRAL 06/16/23 $45.00 $1.3M 18.3K 7.6K
CMCSA PUT SWEEP BULLISH 07/29/22 $43.00 $1.1M 3.6K 3.1K
CMCSA PUT SWEEP BULLISH 07/29/22 $44.00 $552.9K 1.2K 1.1K
CMCSA PUT SWEEP BULLISH 07/29/22 $42.00 $125.8K 1.8K 275
CMCSA PUT SWEEP BEARISH 01/20/23 $35.00 $59.4K 11.2K 2.1K

Where Is Comcast Standing Right Now?

  • With a volume of 27,707,572, the price of CMCSA is down -8.13% at $39.84.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Comcast:

  • Daiwa Capital downgraded its action to Outperform with a price target of $43
  • Rosenblatt has decided to maintain their Neutral rating on Comcast, which currently sits at a price target of $40.

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 Comcast, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets