Market Whales and Their Recent Bets on QCOM Options
Market Whales and Their Recent Bets on QCOM Options
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 15 extraordinary options activities for Qualcomm. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 26% bearish. Among these notable options, 8 are puts, totaling $935,328, and 7 are calls, amounting to $249,290.
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 $160.0 to $220.0 for Qualcomm over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Qualcomm stands at 1372.0, with a total volume reaching 2,001.00. 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 $160.0 to $220.0, throughout the last 30 days.
Qualcomm 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QCOM | PUT | SWEEP | BULLISH | 09/19/25 | $27.1 | $26.55 | $26.55 | $175.00 | $286.5K | 45 | 108 |
| QCOM | PUT | SWEEP | BULLISH | 09/19/25 | $26.8 | $26.5 | $26.49 | $175.00 | $225.2K | 45 | 193 |
| QCOM | PUT | SWEEP | BEARISH | 10/04/24 | $2.42 | $2.2 | $2.41 | $167.50 | $120.9K | 1.9K | 400 |
| QCOM | PUT | SWEEP | BEARISH | 02/21/25 | $17.6 | $17.55 | $17.6 | $170.00 | $100.2K | 841 | 376 |
| QCOM | PUT | TRADE | BEARISH | 10/18/24 | $9.2 | $8.95 | $9.15 | $172.50 | $82.3K | 566 | 11 |
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.
Qualcomm's Current Market Status
- Currently trading with a volume of 1,901,049, the QCOM's price is up by 2.2%, now at $169.43.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 28 days.
What The Experts Say On Qualcomm
1 market experts have recently issued ratings for this stock, with a consensus target price of $210.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Qualcomm, targeting a price of $210.
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.