A whale with a lot of money to spend has taken a noticeably bearish stance on Qualcomm.
Looking at options history for Qualcomm QCOM we detected 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $1,066,244 and 9, calls, for a total amount of $812,980.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $120.0 for Qualcomm over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 2083.75 with a total volume of 2,067.00.
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 $95.0 to $120.0 over the last 30 days.
Qualcomm Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | PUT | TRADE | NEUTRAL | 01/17/25 | $115.00 | $845.0K | 2.7K | 500 |
| QCOM | CALL | SWEEP | BULLISH | 06/21/24 | $115.00 | $293.9K | 783 | 248 |
| QCOM | CALL | SWEEP | BULLISH | 01/16/26 | $100.00 | $190.0K | 5 | 108 |
| QCOM | CALL | SWEEP | BULLISH | 01/16/26 | $100.00 | $128.7K | 5 | 44 |
| QCOM | PUT | TRADE | BEARISH | 06/21/24 | $115.00 | $67.7K | 4.8K | 59 |
Where Is Qualcomm Standing Right Now?
- With a volume of 1,952,237, the price of QCOM is down -0.72% at $110.26.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 30 days.
What The Experts Say On Qualcomm:
- Keybanc downgraded its action to Overweight with a price target of $145
- Wells Fargo has decided to maintain their Underweight rating on Qualcomm, which currently sits at a price target of $100.
- Rosenblatt downgraded its action to Buy with a price target of $145
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
