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 32% leaning bullish and 48% bearish. Among these notable options, 9 are puts, totaling $427,522, and 28 are calls, amounting to $1,701,088.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $310.0 for Qualcomm over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 1470.91 with a total volume of 26,859.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Qualcomm's big money trades within a strike price range of $75.0 to $310.0 over the last 30 days.
Qualcomm Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | SWEEP | BEARISH | 01/15/27 | $34.95 | $32.35 | $33.02 | $170.00 | $168.5K | 163 | 61 |
| QCOM | CALL | SWEEP | NEUTRAL | 01/15/27 | $24.4 | $22.55 | $23.59 | $200.00 | $141.5K | 450 | 61 |
| QCOM | CALL | TRADE | BEARISH | 09/19/25 | $11.4 | $11.2 | $11.2 | $190.00 | $110.8K | 1.0K | 108 |
| QCOM | CALL | SWEEP | BEARISH | 02/21/25 | $18.2 | $17.95 | $18.01 | $150.00 | $107.8K | 205 | 60 |
| QCOM | PUT | SWEEP | NEUTRAL | 01/15/27 | $35.75 | $34.8 | $35.22 | $175.00 | $105.6K | 33 | 30 |
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.
Present Market Standing of Qualcomm
- Currently trading with a volume of 5,940,666, the QCOM's price is up by 2.79%, now at $162.96.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 58 days.
Expert Opinions on Qualcomm
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $196.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on Qualcomm with a target price of $199. * Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $240. * An analyst from JP Morgan has decided to maintain their Overweight rating on Qualcomm, which currently sits at a price target of $195. * An analyst from UBS persists with their Neutral rating on Qualcomm, maintaining a target price of $190. * In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $160.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Qualcomm with Benzinga Pro for real-time alerts.
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