Looking At Qorvo's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Qorvo.

Looking at options history for Qorvo QRVO we detected 12 strange 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 50% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $112,264 and 10, calls, for a total amount of $647,971.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $110.0 for Qorvo over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Qorvo options trades today is 1925.0 with a total volume of 9,970.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Qorvo's big money trades within a strike price range of $70.0 to $110.0 over the last 30 days.

Qorvo Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
QRVO CALL SWEEP BULLISH 08/18/23 $110.00 $157.2K 8.2K 1.9K
QRVO CALL SWEEP NEUTRAL 08/18/23 $100.00 $117.9K 381 131
QRVO CALL SWEEP BEARISH 08/18/23 $110.00 $79.7K 8.2K 633
QRVO CALL TRADE BEARISH 08/18/23 $110.00 $75.0K 8.2K 1.0K
QRVO CALL SWEEP BEARISH 08/18/23 $70.00 $67.3K 50 25

Where Is Qorvo Standing Right Now?

  • With a volume of 1,960,086, the price of QRVO is down -3.72% at $106.11.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Qorvo:

  • Rosenblatt downgraded its action to Neutral with a price target of $85
  • Wolfe Research downgraded its action to Outperform with a price target of $125

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 Qorvo, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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