Financial giants have made a conspicuous bearish move on Qualcomm. Our analysis of options history for Qualcomm QCOM revealed 40 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $619,181, and 28 were calls, valued at $2,108,443.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $220.0 for Qualcomm over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Qualcomm stands at 1506.43, with a total volume reaching 9,794.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Qualcomm, situated within the strike price corridor from $130.0 to $220.0, throughout the last 30 days.
Qualcomm Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | SWEEP | BULLISH | 01/17/25 | $220.00 | $619.0K | 884 | 0 |
| QCOM | CALL | TRADE | BEARISH | 04/19/24 | $185.00 | $152.5K | 3.2K | 638 |
| QCOM | CALL | SWEEP | BEARISH | 01/17/25 | $220.00 | $136.9K | 884 | 1.2K |
| QCOM | PUT | SWEEP | NEUTRAL | 06/21/24 | $180.00 | $120.8K | 1.1K | 207 |
| QCOM | CALL | TRADE | BEARISH | 03/15/24 | $162.50 | $105.0K | 1.1K | 162 |
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.
Qualcomm's Current Market Status
- With a volume of 2,346,007, the price of QCOM is up 1.07% at $172.95.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 50 days.
What Analysts Are Saying About Qualcomm
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $150.0.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $150.
- An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $150.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $150.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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