Qualcomm Unusual Options Activity For February 14

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 29 extraordinary options activities for Qualcomm. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 4 are puts, totaling $1,344,905, and 25 are calls, amounting to $1,245,441.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $200.0 for Qualcomm, spanning the last three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Qualcomm's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Qualcomm's significant trades, within a strike price range of $130.0 to $200.0, over the past month.

Qualcomm 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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

Current Position of Qualcomm

• With a volume of 3,510,598, the price of QCOM is up 0.89% at $151.38.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 77 days.

What The Experts Say On Qualcomm

5 market experts have recently issued ratings for this stock, with a consensus target price of $159.0.

• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $150.
• Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Qualcomm with a target price of $160.
• An analyst from Citigroup has revised its rating downward to Neutral, adjusting the price target to $160.
• Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Qualcomm with a target price of $175.
• Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $150.

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.