Market Whales and Their Recent Bets on QCOM Options

Deep-pocketed investors have adopted a bearish approach towards Qualcomm QCOM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in QCOM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 37 extraordinary options activities for Qualcomm. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 48% leaning bullish and 51% bearish. Among these notable options, 4 are puts, totaling $134,708, and 33 are calls, amounting to $2,462,154.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $210.0 for Qualcomm during the past quarter.

Insights into 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 $110.0 to $210.0 in the last 30 days.

Qualcomm Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

Following our analysis of the options activities associated with Qualcomm, we pivot to a closer look at the company's own performance.

Present Market Standing of Qualcomm

• With a volume of 5,322,955, the price of QCOM is up 0.55% at $149.0.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 82 days.

Professional Analyst Ratings for Qualcomm

In the last month, 5 experts released ratings on this stock with an average target price of $163.0.

• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Qualcomm with a target price of $165.
• An analyst from Citigroup has revised its rating downward to Neutral, adjusting the price target to $160.
• An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $150.
• Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Qualcomm, targeting a price of $180.
• Showing optimism, an analyst from Citigroup upgrades its rating to Buy with a revised price target of $160.

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.