Whales with a lot of money to spend have taken a noticeably bearish stance on Comcast.
Looking at options history for Comcast CMCSA we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $137,883 and 9, calls, for a total amount of $383,868.
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 $35.0 to $47.5 for Comcast over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Comcast options trades today is 6663.17 with a total volume of 4,409.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Comcast's big money trades within a strike price range of $35.0 to $47.5 over 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 | 06/21/24 | $45.00 | $62.4K | 5.4K | 613 |
| CMCSA | CALL | SWEEP | BULLISH | 01/17/25 | $35.00 | $61.7K | 1.8K | 1 |
| CMCSA | PUT | SWEEP | BEARISH | 01/19/24 | $42.50 | $49.7K | 18.6K | 927 |
| CMCSA | CALL | SWEEP | BULLISH | 06/21/24 | $45.00 | $46.0K | 5.4K | 825 |
| CMCSA | PUT | SWEEP | BEARISH | 01/17/25 | $47.50 | $44.2K | 658 | 68 |
About Comcast
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 62 million U.S. homes and businesses, or nearly half of the country. About 55% of the homes in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC broadcast network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in proprietary content to build this position. Sky is also the largest pay-television provider in Italy and has a presence in Germany and Austria.
After a thorough review of the options trading surrounding Comcast, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Comcast's Current Market Status
- Currently trading with a volume of 2,967,560, the CMCSA's price is up by 0.26%, now at $42.59.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 62 days.
Professional Analyst Ratings for Comcast
In the last month, 3 experts released ratings on this stock with an average target price of $45.666666666666664.
- Reflecting concerns, an analyst from Scotiabank lowers its rating to Sector Perform with a new price target of $49.
- An analyst from Barclays persists with their Equal-Weight rating on Comcast, maintaining a target price of $44.
- An analyst from Rosenblatt downgraded its action to Neutral with a price target of $44.
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 Comcast options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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