Decoding Qualcomm's Options Activity: What's the Big Picture?
Decoding Qualcomm's Options Activity: What's the Big Picture?
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 32 extraordinary options activities for Qualcomm. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 37% bearish. Among these notable options, 23 are puts, totaling $2,056,485, and 9 are calls, amounting to $457,310.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $210.0 for Qualcomm over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Qualcomm stands at 715.72, with a total volume reaching 3,243.00. 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 $125.0 to $210.0, throughout the last 30 days.
Qualcomm Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | PUT | SWEEP | BEARISH | 06/20/25 | $34.85 | $34.45 | $34.73 | $185.00 | $347.1K | 1.4K | 120 |
| QCOM | PUT | SWEEP | BULLISH | 01/17/25 | $29.55 | $29.0 | $29.02 | $185.00 | $290.2K | 2.0K | 120 |
| QCOM | PUT | SWEEP | BULLISH | 06/20/25 | $34.8 | $34.7 | $34.7 | $185.00 | $208.2K | 1.4K | 180 |
| QCOM | PUT | SWEEP | BEARISH | 09/20/24 | $3.95 | $3.9 | $3.9 | $157.50 | $158.3K | 679 | 430 |
| QCOM | PUT | SWEEP | NEUTRAL | 10/18/24 | $3.1 | $3.05 | $3.1 | $145.00 | $155.0K | 1.5K | 518 |
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.
Current Position of Qualcomm
- Currently trading with a volume of 4,834,298, the QCOM's price is up by 0.49%, now at $161.55.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 50 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.