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 70% of recent unusual trades being bearish and 30% bullish. The trades include 4 puts totaling $179,385 and 6 calls totaling $275,025. The targeted price range for Qualcomm over the last 3 months has been $105.0 to $130.0. The price of QCOM is currently up 2.36% at $113.6, and the next earnings are expected in 13 days.
October 19, 2023 | 2:32 pm
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NEGATIVE IMPACT
Bearish stance taken on Qualcomm with majority of recent unusual trades. Targeted price range over last 3 months: $105.0 to $130.0. Current price: $113.6, up 2.36%.
The bearish stance taken by a significant investor, as evidenced by the majority of recent unusual trades, suggests a potential downward pressure on Qualcomm's stock price in the short term. The targeted price range over the last 3 months also indicates a potential volatility in the stock price. The current price increase and the upcoming earnings release could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100