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 87 trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $1,238,974 and 72, calls, for a total amount of $8,048,609.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $230.0 for Qualcomm, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Qualcomm stands at 1842.0, with a total volume reaching 22,025.00. 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 $90.0 to $230.0, throughout the last 30 days.
Qualcomm Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | TRADE | BEARISH | 01/17/25 | $135.00 | $592.2K | 1.8K | 151 |
| QCOM | CALL | TRADE | BULLISH | 06/21/24 | $135.00 | $355.4K | 1.8K | 164 |
| QCOM | PUT | TRADE | BEARISH | 01/16/26 | $165.00 | $344.2K | 7 | 300 |
| QCOM | PUT | TRADE | BULLISH | 01/16/26 | $165.00 | $338.1K | 7 | 150 |
| QCOM | CALL | TRADE | BULLISH | 01/16/26 | $195.00 | $321.0K | 49 | 177 |
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.
Current Position of Qualcomm
- With a trading volume of 5,452,198, the price of QCOM is up by 1.44%, reaching $165.44.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 58 days from now.
What Analysts Are Saying About Qualcomm
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $150.0.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $150.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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