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Looking At Qualcomm's Recent Unusual Options Activity

Benzinga ·  03:45

Whales with a lot of money to spend have taken a noticeably bearish stance on Qualcomm.

Looking at options history for Qualcomm (NASDAQ:QCOM) we detected 24 trades.

If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 15 are puts, for a total amount of $770,801 and 9, calls, for a total amount of $376,265.

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 $180.0 for Qualcomm, spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Qualcomm stands at 1771.79, with a total volume reaching 2,158.00. 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 $180.0, throughout the last 30 days.

Qualcomm 30-Day Option Volume & Interest Snapshot

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Noteworthy Options Activity:

SymbolPUT/CALLTrade TypeSentimentExp. DateAskBidPriceStrike PriceTotal Trade PriceOpen InterestVolume
QCOMCALLTRADEBEARISH01/17/25$4.75$4.65$4.65$165.00$111.1K5.6K484
QCOMPUTSWEEPBULLISH01/16/26$19.25$18.75$18.75$155.00$88.1K2.1K113
QCOMPUTSWEEPBEARISH07/18/25$7.45$7.4$7.45$140.00$83.4K365149
QCOMPUTTRADEBULLISH09/19/25$30.4$29.4$29.45$180.00$64.7K47022
QCOMPUTSWEEPBEARISH03/21/25$8.8$8.7$8.8$155.00$64.1K2.1K96

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.

Having examined the options trading patterns of Qualcomm, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Qualcomm Standing Right Now?

  • With a volume of 3,282,009, the price of QCOM is up 0.09% at $158.07.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 42 days.

Professional Analyst Ratings for Qualcomm

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $183.33333333333334.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.* In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $160. * Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Qualcomm, targeting a price of $210. * Reflecting concerns, an analyst from Melius Research lowers its rating to Hold with a new price target of $180.

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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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