Deep-pocketed investors have adopted a bullish approach towards Qualcomm QCOM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in QCOM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Qualcomm. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 4 are puts, totaling $4,951,211, and 5 are calls, amounting to $310,229.
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 $140.0 for Qualcomm, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Qualcomm stands at 8756.75, with a total volume reaching 10,664.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Qualcomm, situated within the strike price corridor from $105.0 to $140.0, throughout the last 30 days.
Qualcomm 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| QCOM | PUT | TRADE | BULLISH | 01/17/25 | $105.00 | $4.7M | 22.6K | 10.0K |
| QCOM | PUT | TRADE | BEARISH | 01/17/25 | $115.00 | $181.1K | 3.7K | 267 |
| QCOM | CALL | TRADE | BULLISH | 01/17/25 | $130.00 | $171.7K | 2.1K | 79 |
| QCOM | PUT | SWEEP | BEARISH | 01/17/25 | $140.00 | $68.0K | 2.6K | 47 |
| QCOM | CALL | TRADE | NEUTRAL | 01/19/24 | $120.00 | $48.9K | 9.6K | 34 |
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.
Present Market Standing of Qualcomm
- Currently trading with a volume of 1,587,771, the QCOM's price is down by -1.34%, now at $137.44.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 20 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.
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