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Financial giants have made a conspicuous bullish move on Qualcomm. Our analysis of options history for Qualcomm (NASDAQ:QCOM) revealed 16 unusual trades.
Delving into the details, we found 56% of traders were bullish, while 18% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $69,069, and 14 were calls, valued at $814,199.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $140.0 and $250.0 for Qualcomm, spanning the last three months.
In today's trading context, the average open interest for options of Qualcomm stands at 4674.14, with a total volume reaching 1,980.00. 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 $250.0, throughout the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | SWEEP | BULLISH | 07/26/24 | $5.0 | $4.95 | $5.0 | $205.00 | $85.0K | 1.3K | 0 |
| QCOM | CALL | SWEEP | NEUTRAL | 07/26/24 | $6.7 | $6.55 | $6.63 | $205.00 | $81.5K | 1.3K | 408 |
| QCOM | CALL | SWEEP | NEUTRAL | 08/16/24 | $30.8 | $30.45 | $30.63 | $180.00 | $76.5K | 11.9K | 2 |
| QCOM | CALL | SWEEP | BULLISH | 01/17/25 | $33.0 | $32.15 | $33.0 | $185.00 | $75.9K | 1.3K | 0 |
| QCOM | CALL | TRADE | BEARISH | 08/16/24 | $15.15 | $14.95 | $15.0 | $200.00 | $75.0K | 16.0K | 199 |
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
3 market experts have recently issued ratings for this stock, with a consensus target price of $231.66666666666666.
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.
Posted In: QCOM
