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 24 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $822,882 and 13, calls, for a total amount of $1,395,566.
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 $115.0 and $200.0 for Qualcomm, spanning the last three months.
Insights into Volume & Open Interest
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 $115.0 to $200.0, over the past month.
Qualcomm Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | TRADE | NEUTRAL | 01/17/25 | $180.00 | $817.5K | 1.4K | 503 |
| QCOM | PUT | SWEEP | BULLISH | 01/16/26 | $160.00 | $316.5K | 921 | 150 |
| QCOM | CALL | TRADE | BEARISH | 01/16/26 | $120.00 | $120.0K | 229 | 20 |
| QCOM | PUT | TRADE | BULLISH | 03/28/24 | $172.50 | $116.6K | 553 | 4 |
| QCOM | PUT | SWEEP | BEARISH | 04/19/24 | $167.50 | $95.9K | 469 | 451 |
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
Where Is Qualcomm Standing Right Now?
- With a volume of 3,074,153, the price of QCOM is up 1.41% at $169.42.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 35 days.
Expert Opinions on Qualcomm
2 market experts have recently issued ratings for this stock, with a consensus target price of $150.0.
- An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $150.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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