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Deep-pocketed investors have adopted a bullish approach towards Comcast (NASDAQ:CMCSA), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CMCSA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Comcast. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $122,882, and 5 are calls, amounting to $450,042.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $42.5 for Comcast over the recent three months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Comcast's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Comcast's significant trades, within a strike price range of $35.0 to $42.5, over the past month.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
CMCSA | CALL | TRADE | NEUTRAL | 09/20/24 | $1.65 | $1.61 | $1.63 | $40.00 | $163.0K | 4.8K | 3.4K |
CMCSA | CALL | TRADE | BULLISH | 09/20/24 | $1.64 | $1.6 | $1.64 | $40.00 | $107.5K | 4.8K | 673 |
CMCSA | CALL | SWEEP | BULLISH | 09/20/24 | $1.64 | $1.63 | $1.64 | $40.00 | $75.6K | 4.8K | 1.6K |
CMCSA | CALL | SWEEP | BEARISH | 09/20/24 | $1.64 | $1.63 | $1.63 | $40.00 | $75.4K | 4.8K | 1.2K |
CMCSA | PUT | TRADE | BULLISH | 01/17/25 | $2.49 | $2.44 | $2.44 | $37.50 | $66.8K | 7.3K | 279 |
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 55% of the locations 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 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 UK 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.
Following our analysis of the options activities associated with Comcast, we pivot to a closer look at the company's own performance.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $47.05.
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.
Posted In: CMCSA