Looking At Qualcomm's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Qualcomm (NASDAQ:QCOM), with 63% of recent trades being bearish and 36% bullish. The total amount for put options was $881,201 and for call options $140,314. Whales have been targeting a price range from $115.0 to $135.0 for Qualcomm over the last 3 months. The current price of QCOM is up 1.15% at $120.06.
August 04, 2023 | 3:47 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bearish sentiment on Qualcomm with 63% of recent trades being bearish. Whales targeting a price range from $115.0 to $135.0. Current price of QCOM is up 1.15% at $120.06.
The bearish sentiment from a significant investor and the high volume of put options indicate a potential downward pressure on Qualcomm's stock price. However, the current price is up, indicating some market resistance to this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100