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.
Financial giants have made a conspicuous bearish move on Qualcomm. Our analysis of options history for Qualcomm (NASDAQ:QCOM) revealed 11 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $302,718, and 9 were calls, valued at $607,716.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $160.0 for Qualcomm over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Qualcomm's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Qualcomm's whale activity within a strike price range from $100.0 to $160.0 in the last 30 days.
Qualcomm Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | PUT | SWEEP | BEARISH | 06/20/25 | $160.00 | $211.1K | 11 | 0 |
| QCOM | CALL | SWEEP | BEARISH | 03/15/24 | $145.00 | $114.5K | 1.5K | 424 |
| QCOM | CALL | SWEEP | BEARISH | 03/15/24 | $145.00 | $95.7K | 1.5K | 1.0K |
| QCOM | PUT | TRADE | BULLISH | 01/19/24 | $160.00 | $91.5K | 260 | 0 |
| QCOM | CALL | TRADE | BULLISH | 01/17/25 | $100.00 | $85.8K | 839 | 22 |
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.
Current Position of Qualcomm
- With a trading volume of 1,586,389, the price of QCOM is up by 0.03%, reaching $136.72.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 50 days from now.
Professional Analyst Ratings for Qualcomm
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $132.0.
- An analyst from Morgan Stanley downgraded its action to Equal-Weight with a price target of $132.
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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