Decoding Qualcomm's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish stance on Qualcomm QCOM.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with QCOM, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for Qualcomm.

This isn't normal.

The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $1,243,510, and 8 are calls, for a total amount of $1,980,927.

Expected Price Movements

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 $150.0 for Qualcomm during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Qualcomm's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Qualcomm's significant trades, within a strike price range of $115.0 to $150.0, over the past month.

Qualcomm Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

After a thorough review of the options trading surrounding Qualcomm, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Qualcomm

• With a trading volume of 1,775,977, the price of QCOM is down by -0.9%, reaching $141.94.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 43 days from now.

Professional Analyst Ratings for Qualcomm

In the last month, 1 experts released ratings on this stock with an average target price of $132.0.

• In a cautious move, an analyst from Morgan Stanley downgraded its rating to Equal-Weight, setting a price target of $132.

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.