Deep-pocketed investors have adopted a bullish approach towards Qualcomm (NASDAQ:QCOM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in QCOM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Qualcomm. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 58% leaning bullish and 33% bearish. Among these notable options, 5 are puts, totaling $192,610, and 7 are calls, amounting to $634,049.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $185.0 for Qualcomm over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Qualcomm's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Qualcomm's whale activity within a strike price range from $105.0 to $185.0 in the last 30 days.
Qualcomm Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | CALL | SWEEP | BULLISH | 05/16/25 | $17.35 | $17.3 | $17.35 | $155.00 | $345.2K | 57 | 245 |
| QCOM | CALL | SWEEP | BULLISH | 05/16/25 | $17.35 | $17.2 | $17.35 | $155.00 | $79.8K | 57 | 46 |
| QCOM | CALL | TRADE | BULLISH | 02/21/25 | $9.8 | $9.65 | $9.8 | $160.00 | $78.4K | 1.1K | 196 |
| QCOM | PUT | SWEEP | BEARISH | 12/13/24 | $5.05 | $4.8 | $5.05 | $162.50 | $66.6K | 329 | 145 |
| QCOM | PUT | TRADE | BULLISH | 12/20/24 | $4.55 | $4.45 | $4.45 | $160.00 | $39.1K | 4.2K | 119 |
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.
Present Market Standing of Qualcomm With a trading volume of 2,463,203, the price of QCOM is down by -1.47%, reaching $157.49. Current RSI values indicate that the stock is is currently neutral between overbought and oversold. Next earnings report is scheduled for 48 days from now. Professional Analyst Ratings for Qualcomm
In the last month, 3 experts released ratings on this stock with an average target price of $183.33333333333334.
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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. * An analyst from Melius Research has revised its rating downward to Hold, adjusting the price target to $180. * An analyst from Susquehanna persists with their Positive rating on Qualcomm, maintaining a target price of $210. * In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $160.
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