Qualcomm Unusual Options Activity For July 03
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Qualcomm (NASDAQ:QCOM), with a majority of investors taking a bullish stance. Of the 21 unusual trades detected, 57% were bullish and 42% were bearish. The total amount for puts was $271,291 and for calls was $840,375. Whales have been targeting a price range from $70.0 to $160.0 for Qualcomm over the last 3 months. The price of QCOM is up 0.88% at $120.09. Mizuho downgraded its action to Buy with a price target of $140.
July 03, 2023 | 6:01 pm
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Unusual options activity detected for Qualcomm. Majority of investors are bullish. Whales targeting price range from $70.0 to $160.0. QCOM price up 0.88% at $120.09.
The unusual options activity, with a majority of investors taking a bullish stance, indicates a positive sentiment towards Qualcomm. This, coupled with the fact that the price of QCOM is up, suggests a potential short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100