Financial giants have made a conspicuous bullish move on Comcast. Our analysis of options history for Comcast (NASDAQ: CMCSA) revealed 13 unusual trades.
Delving into the details, we found 69% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $238,837, and 6 were calls, valued at $279,578.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $29.5 and $35.0 for Comcast, spanning the last three months.
Insights into Volume & Open Interest
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 $29.5 to $35.0 in the last 30 days.
Comcast Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
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 64 million US homes and businesses, or nearly half of the country. The firm provides services to about half of the locations in this territory. 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. The firm plans to spin off most of its cable networks later in 2025. Finally, Sky, acquired in 2018, is a large television provider in the UK and Italy.
Having examined the options trading patterns of Comcast, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Comcast
Trading volume stands at 9,868,359, with CMCSA’s price up by 0.35%, positioned at $31.72.
RSI indicators show the stock to be may be oversold.
Earnings announcement expected in 35 days.
Professional Analyst Ratings for Comcast
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $37.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Bernstein has decided to maintain their Market Perform rating on Comcast, which currently sits at a price target of $36. * In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $38.