Comcast Options Trading: A Deep Dive into Market Sentiment

Comcast Corporation Class A +1.66%

Comcast Corporation Class A




Financial giants have made a conspicuous bullish move on Comcast. Our analysis of options history for Comcast (NASDAQ:CMCSA) revealed 12 unusual trades.

Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $184,540, and 8 were calls, valued at $493,430.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $50.0 for Comcast 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 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 $35.0 to $50.0 in the last 30 days.

Comcast Option Activity Analysis: Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CMCSA CALL SWEEP BULLISH 01/17/25 $1.63 $1.63 $1.63 $50.00 $106.8K 28.7K 1.1K
CMCSA CALL SWEEP NEUTRAL 01/17/25 $1.65 $1.65 $1.65 $50.00 $101.6K 28.7K 2.9K
CMCSA CALL SWEEP BULLISH 01/17/25 $1.65 $1.55 $1.65 $50.00 $86.1K 28.7K 2.2K
CMCSA PUT SWEEP BULLISH 09/20/24 $0.59 $0.56 $0.56 $35.00 $70.4K 1.5K 0
CMCSA CALL SWEEP BULLISH 01/17/25 $1.62 $1.62 $1.62 $50.00 $68.8K 28.7K 16

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.

Present Market Standing of Comcast

  • Trading volume stands at 4,009,142, with CMCSA's price up by 0.19%, positioned at $43.15.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 28 days.

Expert Opinions on Comcast

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $50.0.

  • Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Comcast with a target price of $50.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Comcast with Benzinga Pro for real-time alerts.

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