Whales' Strategic Moves with Qualcomm's Options Trading Insights
Significant Movements in Qualcomm's Options Trading
Major financial players have made noticeable bullish transactions regarding Qualcomm. An in-depth analysis of the options history for Qualcomm (NASDAQ: QCOM) uncovers 12 noteworthy trades.
Investigating further, we discover that 58% of traders expressed bullish sentiments, while 41% exhibited bearish tendencies. Among all trades identified, there were 4 puts valued at $194,169, contrasted with 8 calls hitting a value of $548,085.
Forecasted Price Range for Qualcomm
A review of Volume and Open Interest within these contracts indicates significant interest from major players within a price range of $140.00 to $200.00 for Qualcomm over the recent quarter.
Understanding Volume & Open Interest Dynamics
In terms of liquidity, the average open interest for Qualcomm options trades today hovers around 847.9, paired with a total volume hitting approximately 304.00.
The subsequent chart showcases the fluctuation of volume and open interest concerning call and put options for Qualcomm’s major trades within the specified strike price range of $140.00 to $200.00 over the preceding 30 days.
Snapshot of Qualcomm's 30-Day Option Volume & Interest
Here we illustrate the substantial options activity recently noted.
Highlighted Options Activity: A Closer Look
Recent prominent trades include:
- Symbol: QCOM, Type: CALL, Trade Type: SWEEP, Sentiment: BULLISH, Expiration Date: 09/20/24, Total Trade Price: $274.0K, Volume: 17
- Symbol: QCOM, Type: PUT, Trade Type: TRADE, Sentiment: BEARISH, Expiration Date: 11/15/24, Total Trade Price: $66.2K, Volume: 60
- Symbol: QCOM, Type: CALL, Trade Type: TRADE, Sentiment: BULLISH, Expiration Date: 11/15/24, Total Trade Price: $64.3K, Volume: 46
- Symbol: QCOM, Type: PUT, Trade Type: SWEEP, Sentiment: BEARISH, Expiration Date: 11/15/24, Total Trade Price: $63.6K, Volume: 20
- Symbol: QCOM, Type: CALL, Trade Type: TRADE, Sentiment: BULLISH, Expiration Date: 01/16/26, Total Trade Price: $55.1K, Volume: 31
Qualcomm Unveiled: A Deep Dive
Qualcomm stands out in the tech arena, specializing in wireless technology and chip design for smartphones. The firm boasts numerous key patents related to CDMA and OFDMA technologies, foundational to various wireless communication standards including 3G, 4G, and 5G. Almost every significant manufacturer of wireless devices licenses Qualcomm’s intellectual property. As the largest supplier of wireless chips in the world, Qualcomm remains a vital partner for top manufacturers, also extending its offerings to the automotive sector and Internet of Things.
After analyzing the options trading dynamics surrounding Qualcomm, it becomes essential to understand the company’s current market standing and performance metrics.
Current Standing Of Qualcomm
- Average trading volume currently stands at 5,937,818, with QCOM reflecting a -0.71% decrease, landing at $172.69.
- RSI indicators denote a neutral status, balanced between overbought and oversold conditions.
- Next earnings announcement is anticipated within 40 days.
Qualcomm's Professional Analyst Ratings
In the last 30 days, one professional analyst has weighed in on Qualcomm, setting an average price target of $210.00.
Unique Options Activity on the Horizon: Big Money Moves
Qualcomm has garnered attention among traders as it possesses unique options activities that often hint at strategic market movements. It's crucial for traders to stay enlightened about ongoing Qualcomm options trades to anticipate potential market shifts.
Options trading carries inherent risks but presents opportunities for substantial rewards. Savvy investors adeptly manage these risks through continuous education, strategic adaptation, and vigilance over fluctuating market indicators.
Frequently Asked Questions
What is the recent trading activity for Qualcomm?
Recent trades show a mix of bullish and bearish sentiment in options trading, with significant interest in both puts and calls.
What is the price range predicted for Qualcomm?
The anticipated price range for Qualcomm stands between $140.00 and $200.00 based on recent options trading activities.
How is Qualcomm performing in the market currently?
Qualcomm's latest stock price reflects a slight decrease, currently at $172.69, with trading volumes showing substantial activity.
What do analysts say about Qualcomm's future?
Analysts have a positive outlook for Qualcomm, with an average price target of $210.00 based on recent evaluations.
What should I know about options trading with Qualcomm?
Options trading involves risks and requires keen market awareness; understanding current trends and smart money movements is vital for any investor.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.