Looking At Qualcomm's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Qualcomm (NASDAQ:QCOM), with a majority of investors taking a bearish stance. Of the 14 unusual trades detected, 57% were bearish and 42% bullish. The total amount for puts was $1,651,618 and for calls was $251,815. Whales have been targeting a price range from $95.0 to $160.0 for Qualcomm over the last 3 months. The current price of QCOM is down -2.12% at $117.25. Mizuho downgraded its action to Buy with a price target of $140.
June 28, 2023 | 4:50 pm
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Unusual options activity observed for Qualcomm with majority bearish. Whales targeting price range $95-$160. Current price down -2.12% at $117.25.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the price of Qualcomm to decrease. This, combined with the current price decrease of -2.12%, suggests a negative short-term impact on the stock. Additionally, Mizuho's downgrade to Buy with a price target of $140 could also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100