Charter Communications's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Charter Communications (NASDAQ:CHTR) has seen a notable options trading activity, with a bullish sentiment prevailing among financial giants. Analysis of 17 unusual trades showed 58% bullish and 41% bearish tendencies. The trades included 8 puts valued at $444,695 and 9 calls valued at $681,351, indicating expectations of CHTR's price movement between $250.0 and $410.0. The most significant options trades were identified, with varying sentiments and strike prices around $280.0 to $285.0. Charter Communications, a major U.S. cable company, is currently trading at $294.0 with a neutral RSI indicator. Analyst ratings for CHTR vary, with a consensus target price of $395.4, but opinions range from Buy to Neutral, with target prices between $335 and $472.
March 04, 2024 | 8:47 pm
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POSITIVE IMPACT
Charter Communications has experienced significant options trading activity, indicating a bullish sentiment among investors. With a current trading price of $294.0 and a neutral RSI, the stock has received mixed analyst ratings, suggesting a potential price target of up to $395.4.
The bullish sentiment in options trading, combined with the current neutral RSI and the upcoming earnings announcement, suggests potential for short-term price appreciation. Analyst ratings, although mixed, lean towards a higher target price, supporting the bullish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100