Deep-pocketed investors have adopted a bullish 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 8 extraordinary options activities for Qualcomm. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 25% bearish. Among these notable options, 3 are puts, totaling $226,150, and 5 are calls, amounting to $242,900.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $155.0 to $180.0 for Qualcomm during the past quarter.
Volume & Open Interest Trends
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 $155.0 to $180.0, over the past month.
Qualcomm Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | PUT | SWEEP | BULLISH | 01/17/25 | $6.45 | $6.35 | $6.35 | $155.00 | $161.9K | 6.3K | 255 |
| QCOM | CALL | SWEEP | BULLISH | 11/15/24 | $8.8 | $8.35 | $8.8 | $175.00 | $66.0K | 1.3K | 80 |
| QCOM | CALL | TRADE | NEUTRAL | 10/25/24 | $5.75 | $4.9 | $5.31 | $170.00 | $53.1K | 850 | 106 |
| QCOM | CALL | TRADE | BULLISH | 11/08/24 | $8.15 | $7.9 | $8.05 | $175.00 | $48.3K | 306 | 75 |
| QCOM | CALL | SWEEP | BEARISH | 10/18/24 | $2.36 | $2.3 | $2.3 | $172.50 | $45.9K | 1.6K | 308 |
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.
After a thorough review of the options trading surrounding Qualcomm, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Qualcomm
- Currently trading with a volume of 330,890, the QCOM's price is up by 1.12%, now at $171.88.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 16 days.
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