Charter Communications Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Charter Communications (NASDAQ:CHTR), with 72% of the detected trades being bearish. The trades include 6 puts amounting to $411,043 and 12 calls amounting to $953,586. The targeted price range for CHTR over the last 3 months is from $360.0 to $490.0. The current price of CHTR is $383.6, up by 0.23%, and the RSI indicators suggest that the stock may be overbought. The next earnings are expected in 15 days.
July 13, 2023 | 8:05 pm
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A significant investor has taken a bearish stance on Charter Communications. The targeted price range for CHTR over the last 3 months is from $360.0 to $490.0. The current price of CHTR is $383.6, up by 0.23%, and the RSI indicators suggest that the stock may be overbought.
The bearish stance taken by a significant investor, along with the RSI indicators suggesting that the stock may be overbought, could potentially lead to a decrease in the stock price of Charter Communications in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100