Qualcomm Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been observed for Qualcomm (NASDAQ:QCOM), with 65% of trades being bearish. This unusual activity suggests that large investors anticipate a potential decline in Qualcomm's stock price. The options trades indicate a price target range of $115 to $280. Despite this, Qualcomm's stock is currently up 0.46% at $169.48, and an analyst from JP Morgan maintains an Overweight rating with a target price of $210.
September 18, 2024 | 6:06 pm
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Qualcomm has seen unusual bearish options activity, with 65% of trades being bearish. This suggests potential downward pressure on the stock. However, an analyst from JP Morgan maintains an Overweight rating with a target price of $210.
The significant bearish options activity indicates that large investors expect a decline in Qualcomm's stock price. The presence of 38 put options compared to 11 call options, with a total bearish sentiment of 65%, supports this view. Despite this, the stock is currently up, and an analyst maintains a positive outlook, which could mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100