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 15 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, 8 are puts, for a total amount of $422,125 and 7, calls, for a total amount of $294,828.
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 $105.0 and $120.0 for Qualcomm, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 2282.4 with a total volume of 3,493.00.
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 $120.0 over the last 30 days.
Qualcomm Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | PUT | TRADE | BULLISH | 01/17/25 | $115.00 | $192.2K | 3.4K | 0 |
| QCOM | CALL | SWEEP | BEARISH | 12/01/23 | $107.00 | $58.2K | 12 | 7 |
| QCOM | CALL | TRADE | BULLISH | 03/15/24 | $120.00 | $46.9K | 3.8K | 414 |
| QCOM | CALL | TRADE | BULLISH | 03/15/24 | $120.00 | $43.7K | 3.8K | 106 |
| QCOM | CALL | TRADE | BULLISH | 03/15/24 | $120.00 | $42.4K | 3.8K | 273 |
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
- With a trading volume of 1,048,795, the price of QCOM is up by 1.05%, reaching $128.35.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 71 days from now.
What The Experts Say On Qualcomm
In the last month, 5 experts released ratings on this stock with an average target price of $133.8.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Qualcomm with a target price of $119.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Qualcomm, targeting a price of $140.
- An analyst from JP Morgan persists with their Overweight rating on Qualcomm, maintaining a target price of $140.
- An analyst from Susquehanna persists with their Positive rating on Qualcomm, maintaining a target price of $130.
- An analyst from DZ Bank upgraded its action to Buy with a price target of $140.
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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