Smart Money Is Betting Big In QCOM Options
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bullish trend in Qualcomm (NASDAQ:QCOM) options trading, with a notable volume of trades predicting a price range of $165.0 to $185.0. Analysis of recent trades shows a mix of bullish and bearish sentiments, with a higher value placed on calls over puts. Qualcomm, a leader in wireless technology and chip design, is currently trading at $180.06, slightly down by -0.27%. Analysts have varying opinions on Qualcomm's stock, with target prices ranging from $170 to $206.
May 09, 2024 | 2:34 pm
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Qualcomm's options trading shows a bullish trend with a predicted price range of $165-$185. The stock is slightly down at $180.06, with analyst target prices ranging from $170 to $206.
The bullish trend in options trading, combined with the current trading price close to the upper end of the predicted range, suggests a positive short-term outlook for Qualcomm. Analyst ratings provide a mixed but generally optimistic view, supporting the potential for stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100