Qualcomm Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Qualcomm.

Looking at options history for Qualcomm QCOM we detected 14 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 28% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $436,458 and 11, calls, for a total amount of $1,015,685.

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 $180.0 to $250.0 for Qualcomm over the last 3 months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $180.0 to $250.0 in the last 30 days.

Qualcomm Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
QCOM CALL SWEEP BULLISH 01/17/25 $9.8 $9.75 $9.75 $250.00 $323.7K 2.4K 345
QCOM PUT SWEEP BEARISH 01/17/25 $11.3 $11.3 $11.3 $190.00 $318.6K 616 0
QCOM CALL TRADE BULLISH 07/19/24 $14.3 $13.9 $14.3 $200.00 $121.5K 2.9K 141
QCOM CALL TRADE BEARISH 07/19/24 $2.39 $2.31 $2.34 $230.00 $117.0K 5.5K 199
QCOM CALL TRADE BULLISH 06/14/24 $4.8 $4.7 $4.8 $210.00 $96.0K 1.9K 883

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.

Having examined the options trading patterns of Qualcomm, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Qualcomm

  • With a volume of 2,789,319, the price of QCOM is up 2.69% at $209.88.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 56 days.

Expert Opinions on Qualcomm

4 market experts have recently issued ratings for this stock, with a consensus target price of $231.25.

  • An analyst from B of A Securities has decided to maintain their Buy rating on Qualcomm, which currently sits at a price target of $245.
  • An analyst from TD Cowen persists with their Buy rating on Qualcomm, maintaining a target price of $235.
  • Consistent in their evaluation, an analyst from Argus Research keeps a Buy rating on Qualcomm with a target price of $205.
  • An analyst from Mizuho persists with their Buy rating on Qualcomm, maintaining a target price of $240.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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