Qualcomm Unusual Options Activity For September 15
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Qualcomm (NASDAQ:QCOM), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for the 7 puts was $409,638 and for the 3 calls was $115,945. Whales have been targeting a price range from $100.0 to $160.0 for Qualcomm over the last 3 months. The price of QCOM is currently down -0.71% at $113.23. Several experts have downgraded their ratings on Qualcomm, with price targets ranging from $100 to $145.
September 15, 2023 | 4:48 pm
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Unusual options activity has been detected for Qualcomm, with a bearish stance being taken by a majority of investors. The price of QCOM is currently down -0.71% at $113.23. Several experts have downgraded their ratings on Qualcomm, with price targets ranging from $100 to $145.
The bearish stance taken by a majority of investors, coupled with the downgraded ratings from experts, indicates a potential negative impact on Qualcomm's stock price in the short term. The current price of QCOM is already down -0.71%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100