Charter Communications Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Charter Communications (NASDAQ:CHTR), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 options trades, with 27% bullish and 72% bearish sentiment. Whales have been targeting a price range of $340 to $370 for CHTR over the last 3 months.
May 18, 2023 | 8:32 pm
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A large investor has taken a bearish stance on Charter Communications (NASDAQ:CHTR) with unusual options activity. 72% bearish sentiment has been observed, potentially impacting the stock price.
The unusual options activity, with a majority of bearish sentiment, indicates that a large investor is expecting the stock price to decline. This could potentially impact the stock price in the short term as other investors may follow suit or react to the bearish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100