Analyzing Recent Options Activity for Qualcomm (QCOM)

Author: Addison Perry Updated: 09-18-2024 02:13 PM

Unusual Options Activity Overview for Qualcomm

Recent trends in options trading have raised eyebrows among investors, as significant bearish movements have been observed for Qualcomm (QCOM). Wealthy investors appear to be adopting a cautious stance, and this information is crucial for retail traders.

Today, our monitoring of options activity revealed notable trades linked to QCOM, which underscores the interest surrounding the stock.

While the identities of these major market players remain unclear, the scale of these trades suggests they might indicate forthcoming developments.

Insights from the Options Scanner

Our latest analysis reported an unusual surge in options activity, where 49 distinctive trades concerning Qualcomm surfaced. The intriguing aspect is that the sentiment divides sharply among traders, featuring 26% expressing bullish sentiments, while a significant 65% gravitate towards bearish positions.

Among the variations in options trades, a substantial majority—38 trades—were puts, totaling approximately $4,232,650 in value. On the other hand, the call trades covered amounting to $544,412, reveal a stark contrast in investor's outlook.

Price Target Projections

This trading behavior hints that investors are eyeing Qualcomm's price range closely, projecting it could fluctuate between $115.0 and $280.0 in the upcoming months.

Market Volume and Open Interest

In terms of market movements, the latest data shows the average open interest for Qualcomm options stands at 1739.69, complemented by a total trading volume reaching 18,730.00.

Monthly Options Activity Overview

Traders can benefit from tracking the fluctuations in call and put volumes. This can provide insights into future market behaviors based on the movement of high-stakes trades associated with Qualcomm within the established price range.

Highlighted Options Activity for Qualcomm

Recent trades revealed various positions for Qualcomm, illustrating the mixed sentiments among investors:

Symbol: QCOM
Type: PUT
Trade Type: TRADE
Sentiment: NEUTRAL
Expiration Date: 01/17/25
Strike Price: $115.00
Total Trade Price: $1.3M
Open Interest: 14.5K
Volume: 10.0K
Symbol: QCOM
Type: PUT
Trade Type: TRADE
Sentiment: BEARISH
Expiration Date: 01/17/25
Strike Price: $160.00
Total Trade Price: $1.1M
Open Interest: 3.0K
Volume: 1.1K
Symbol: QCOM
Type: PUT
Trade Type: SWEEP
Sentiment: NEUTRAL
Expiration Date: 01/16/26
Strike Price: $155.00
Total Trade Price: $176.0K
Open Interest: 1.5K
Volume: 88

Overview of Qualcomm's Business

Qualcomm is a leading innovator, specializing in the development and licensing of wireless technology. The company's primary contributions lie within smartphone chip design and the patenting of crucial wireless communications technologies including CDMA and OFDMA that form the backbone of current mobile networks.

As a major player in the wireless industry, Qualcomm supplies essential components to numerous leading smartphone manufacturers while also expanding into sectors like automotive and IoT.

Current Market Positioning

The current trading volume for QCOM stands at 2,167,982 with a modest price increase of 0.46%, bringing the stock to $169.48.
The Relative Strength Index (RSI) suggests that the stock is neither overbought nor oversold, indicating a stable position.
Investors are anticipating the next earnings announcement within approximately 42 days.

Expert Analyst Sentiments

Within the past month, analysts have offered valuable ratings for Qualcomm. One prominent analyst from JP Morgan has maintained an Overweight rating with a target price set at $210.00.

As trading options can carry inherent risks, it is vital for traders to enhance their strategies and knowledge base. Ongoing education and adaptation to market conditions are essential for maximizing potential profits. Keeping up with real-time options trades for Qualcomm can be facilitated through platforms offering market alerts.

Frequently Asked Questions

What is the current market sentiment for Qualcomm options?

The overall sentiment among traders is primarily bearish, with 65% of major trades showing a bearish outlook on Qualcomm.

What are the price targets for Qualcomm as indicated by trading activity?

Investors are targeting a price range between $115.0 and $280.0 based on recent options trading data.

How much volume is there in Qualcomm's options trading?

The total volume reported for Qualcomm options trading today is approximately 18,730.00.

Who develops and licenses technology for Qualcomm?

Qualcomm develops and licenses wireless technology, designing chips essential for smartphones and other devices.

What is Qualcomm's stock price trend?

Currently, Qualcomm's stock price shows a slight increase, standing at $169.48, indicating investor interest and activity.

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