Financial giants have made a conspicuous bearish move on Qualcomm. Our analysis of options history for Qualcomm (NASDAQ:QCOM) revealed 11 unusual trades.

Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $302,718, and 9 were calls, valued at $607,716.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $160.0 for Qualcomm over the last 3 months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Qualcomm's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Qualcomm's whale activity within a strike price range from $100.0 to $160.0 in the last 30 days.

Qualcomm Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Qualcomm

Current Position of Qualcomm

• With a trading volume of 1,586,389, the price of QCOM is up by 0.03%, reaching $136.72.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 50 days from now.

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 $132.0.

• An analyst from Morgan Stanley downgraded its action to Equal-Weight with a price target of $132.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Qualcomm options trades with real-time alerts from Benzinga Pro.