Whales with a lot of money to spend have taken a noticeably bearish stance on Qualcomm.
Looking at options history for Qualcomm QCOM we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $103,238 and 7, calls, for a total amount of $449,504.
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 $105.0 to $200.0 for Qualcomm over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 1371.1 with a total volume of 892.00.
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 $105.0 to $200.0 over the last 30 days.
Qualcomm Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | TRADE | BEARISH | 01/17/25 | $6.0 | $5.5 | $5.5 | $155.00 | $194.1K | 5.5K | 371 |
| QCOM | CALL | SWEEP | NEUTRAL | 01/15/27 | $55.0 | $49.95 | $52.79 | $125.00 | $52.7K | 49 | 10 |
| QCOM | PUT | SWEEP | BEARISH | 02/21/25 | $13.35 | $13.3 | $13.35 | $165.00 | $52.0K | 2.5K | 52 |
| QCOM | CALL | TRADE | BEARISH | 01/17/25 | $52.55 | $51.5 | $51.5 | $105.00 | $51.5K | 1.2K | 10 |
| QCOM | CALL | TRADE | BEARISH | 01/31/25 | $1.18 | $1.1 | $1.1 | $175.00 | $44.0K | 76 | 402 |
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.
Following our analysis of the options activities associated with Qualcomm, we pivot to a closer look at the company's own performance.
Qualcomm's Current Market Status
- With a volume of 1,611,809, the price of QCOM is down -1.23% at $156.58.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 33 days.
Professional Analyst Ratings for Qualcomm
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $180.0.
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. * Reflecting concerns, an analyst from Melius Research lowers its rating to Hold with a new price target of $180.
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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