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 24 trades.

If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 15 are puts, for a total amount of $770,801 and 9, calls, for a total amount of $376,265.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $180.0 for Qualcomm, spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Qualcomm stands at 1771.79, with a total volume reaching 2,158.00. 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 $105.0 to $180.0, throughout the last 30 days.

Qualcomm 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Qualcomm

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

Where Is Qualcomm Standing Right Now?

• With a volume of 3,282,009, the price of QCOM is up 0.09% at $158.07.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 42 days.

Professional Analyst Ratings for 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 $183.33333333333334.

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