Financial giants have made a conspicuous bullish move on Qualcomm. Our analysis of options history for Qualcomm (NASDAQ:QCOM) revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $194,169, and 8 were calls, valued at $548,085.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $200.0 for Qualcomm during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 847.9 with a total volume of 304.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Qualcomm's big money trades within a strike price range of $140.0 to $200.0 over the last 30 days.
Qualcomm 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | SWEEP | BULLISH | 09/20/24 | $30.45 | $30.05 | $30.45 | $140.00 | $274.0K | 259 | 17 |
| QCOM | PUT | TRADE | BEARISH | 11/15/24 | $13.25 | $13.15 | $13.25 | $175.00 | $66.2K | 732 | 60 |
| QCOM | CALL | TRADE | BULLISH | 11/15/24 | $18.5 | $18.2 | $18.38 | $160.00 | $64.3K | 381 | 46 |
| QCOM | PUT | SWEEP | BEARISH | 11/15/24 | $31.8 | $31.05 | $31.8 | $200.00 | $63.6K | 124 | 20 |
| QCOM | CALL | TRADE | BULLISH | 01/16/26 | $27.6 | $26.65 | $27.55 | $180.00 | $55.1K | 901 | 31 |
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.
Where Is Qualcomm Standing Right Now?
- Trading volume stands at 5,937,818, with QCOM's price down by -0.71%, positioned at $172.69.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 40 days.
Professional Analyst Ratings for Qualcomm
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $210.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Qualcomm, targeting a price of $210.
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.