Charter Communications's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Charter Communications (NASDAQ:CHTR) has seen an equal mix of bullish and bearish options trading, with 4 puts and 4 calls observed. The trades suggest a price range of $360 to $390 for CHTR. Significant options trades include both bullish and bearish sentiments with varying strike prices and expiration dates. The company, a result of a 2016 merger, serves 30 million residential and 2 million commercial accounts. CHTR's current market status shows a trading volume of 350,824 with a stable price of $361.98 and an RSI indicating it may be approaching oversold. An earnings announcement is expected in 50 days. Analysts have set an average target price of $490, with Benchmark maintaining a Buy rating.
December 07, 2023 | 5:16 pm
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Charter Communications has experienced a balanced volume of options trading, with a predicted price range of $360 to $390. Analysts remain bullish with a target price of $490, despite the stock showing signs of potentially being oversold.
The equal mix of bullish and bearish options trades indicates uncertainty, but the presence of significant trades and the analyst consensus of a higher target price suggests a positive outlook. The RSI approaching oversold territory could indicate a potential rebound, supporting a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100