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 bullish move on Qualcomm. Our analysis of options history for Qualcomm (NASDAQ:QCOM) revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $189,950, and 5 were calls, valued at $450,300.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $132.0 to $160.0 for Qualcomm during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 918.86 with a total volume of 715.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Qualcomm's big money trades within a strike price range of $132.0 to $160.0 over the last 30 days.
Qualcomm 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | SWEEP | BEARISH | 12/29/23 | $132.00 | $263.0K | 305 | 0 |
| QCOM | PUT | TRADE | BULLISH | 01/17/25 | $160.00 | $117.1K | 595 | 50 |
| QCOM | CALL | SWEEP | BULLISH | 02/16/24 | $150.00 | $83.3K | 1.7K | 329 |
| QCOM | CALL | TRADE | BULLISH | 02/16/24 | $150.00 | $50.5K | 1.7K | 159 |
| QCOM | PUT | TRADE | BULLISH | 01/19/24 | $140.00 | $45.0K | 1.6K | 21 |
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.
After a thorough review of the options trading surrounding Qualcomm, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Qualcomm
- With a volume of 557,598, the price of QCOM is up 0.33% at $143.97.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 37 days.
Expert Opinions on Qualcomm
In the last month, 1 experts released ratings on this stock with an average target price of $132.0.
- In a cautious move, an analyst from Morgan Stanley downgraded its rating to Equal-Weight, setting a price target of $132.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Qualcomm, Benzinga Pro gives you real-time options trades alerts.
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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