27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bearish stance on Qualcomm.
Looking at options history for Qualcomm (NASDAQ:QCOM) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $1,063,681 and 11, calls, for a total amount of $1,042,944.
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 $95.0 and $140.0 for Qualcomm, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Qualcomm's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Qualcomm's substantial trades, within a strike price spectrum from $95.0 to $140.0 over the preceding 30 days.
Qualcomm Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | PUT | TRADE | BULLISH | 01/17/25 | $125.00 | $637.5K | 4.6K | 500 |
| QCOM | CALL | SWEEP | BULLISH | 03/15/24 | $115.00 | $328.3K | 3.3K | 197 |
| QCOM | CALL | TRADE | BEARISH | 12/15/23 | $130.00 | $178.0K | 10.4K | 2.6K |
| QCOM | CALL | TRADE | BULLISH | 03/15/24 | $115.00 | $162.4K | 3.3K | 375 |
| QCOM | PUT | TRADE | BEARISH | 03/15/24 | $115.00 | $159.2K | 5.1K | 1.5K |
About Qualcomm
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
In light of the recent options history for Qualcomm, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Qualcomm Standing Right Now?
- With a trading volume of 3,710,685, the price of QCOM is down by -0.25%, reaching $127.43.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 66 days from now.
Professional Analyst Ratings for Qualcomm
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $134.75.
- An analyst from DZ Bank has elevated its stance to Buy, setting a new price target at $140.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Qualcomm with a target price of $140.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Qualcomm with a target price of $119.
- An analyst from JP Morgan persists with their Overweight rating on Qualcomm, maintaining a target price of $140.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Qualcomm options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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