Qualcomm Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Qualcomm has seen unusual options activity with a bearish sentiment from financial giants. Analysis shows 55% bearish and 37% bullish trades, with significant put and call options. The stock is currently down 1.12% at $167.0, with an average analyst price target of $210.0.
October 07, 2024 | 8:45 pm
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Qualcomm's options activity shows a bearish sentiment with 55% of trades being bearish. The stock is currently down 1.12% at $167.0, with an average analyst price target of $210.0. This suggests potential volatility in the short term.
The article highlights unusual options activity with a bearish sentiment, as 55% of trades are bearish. The stock's current decline of 1.12% and the RSI indicating potential overbought conditions suggest short-term volatility. However, the average analyst price target of $210.0 provides a longer-term positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100