Qualcomm Unusual Options Activity For August 11
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Qualcomm (NASDAQ:QCOM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 46% bullish and 53% bearish. The targeted price range for Qualcomm over the last 3 months has been $65.0 to $130.0. The current price of QCOM is down -1.12% at $114.31.
August 11, 2023 | 7:31 pm
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Unusual options activity indicates a significant bearish stance on Qualcomm. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates that there may be a belief that Qualcomm's stock price will decrease. This could potentially lead to a self-fulfilling prophecy, where the bearish sentiment leads to selling pressure, which in turn drives down the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100