Whales with a lot of money to spend have taken a noticeably bullish stance on Qualcomm.
Looking at options history for Qualcomm QCOM we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 71% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $247,711 and 12, calls, for a total amount of $2,121,223.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $160.0 for Qualcomm during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Qualcomm's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Qualcomm's substantial trades, within a strike price spectrum from $115.0 to $160.0 over the preceding 30 days.
Qualcomm Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | SWEEP | BEARISH | 01/19/24 | $125.00 | $1.0M | 8.4K | 29 |
| QCOM | CALL | SWEEP | BULLISH | 01/19/24 | $125.00 | $223.0K | 8.4K | 1.2K |
| QCOM | CALL | SWEEP | BULLISH | 01/19/24 | $135.00 | $190.7K | 13.2K | 2.0K |
| QCOM | PUT | TRADE | BEARISH | 06/20/25 | $140.00 | $142.8K | 670 | 0 |
| QCOM | CALL | SWEEP | BULLISH | 01/16/26 | $130.00 | $134.1K | 428 | 51 |
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.
In light of the recent options history for Qualcomm, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Qualcomm Standing Right Now?
- Trading volume stands at 1,522,020, with QCOM's price up by 0.57%, positioned at $131.49.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 57 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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