Financial giants have made a conspicuous bearish move on Qualcomm. Our analysis of options history for Qualcomm QCOM revealed 17 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $96,377, and 15 were calls, valued at $1,997,208.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $220.0 for Qualcomm over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Qualcomm stands at 1576.0, with a total volume reaching 3,177.00. 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 $140.0 to $220.0, throughout the last 30 days.
Qualcomm Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | TRADE | BEARISH | 12/20/24 | $15.6 | $15.4 | $15.4 | $165.00 | $1.1M | 469 | 832 |
| QCOM | CALL | TRADE | BEARISH | 10/18/24 | $9.95 | $9.9 | $9.9 | $165.00 | $198.9K | 916 | 80 |
| QCOM | CALL | TRADE | BEARISH | 11/15/24 | $13.1 | $12.25 | $12.25 | $165.00 | $79.6K | 554 | 115 |
| QCOM | CALL | TRADE | BEARISH | 10/18/24 | $10.0 | $9.9 | $9.9 | $165.00 | $78.2K | 916 | 80 |
| QCOM | CALL | SWEEP | BULLISH | 11/15/24 | $13.9 | $12.3 | $13.9 | $165.00 | $69.6K | 554 | 50 |
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.
Current Position of Qualcomm
- With a volume of 2,025,022, the price of QCOM is down -1.25% at $163.26.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 55 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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