What whales are doing with Qualcomm
Someone with a lot of money to spend has taken a bearish stance on Qualcomm QCOM.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with QCOM, it often means someone knows something is going to happen.
So how do we know what this whale just did?
Benzinga's options scanner today spotted 18 unusual options trades for Qualcomm.
This is not normal.
The general sentiment of these big traders is split between 33% bullish and 66% bearish.
Of all the special options we discovered, 12 are puts, totaling $672,661, and 6 are calls, totaling $300,310 .
What is the target price?Given the volume and open interest on these contracts, it appears whales have targeted a price range of $55.0 to $160.0 for Qualcomm over the past Last 3 months.
Development of volume and open interestWatching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Qualcomm options for a given strike price. Below we can observe the evolution of call and put volume and open interest, respectively, for all Qualcomm whale trades within a strike price range of $55.0 at $160.0 in the last 30 days.
Qualcomm Options Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume COMQ PUT TRADE BEARISH 10/21/22 $160.00 $152,200 seven 0 COMQ CALL TRADE NEUTRAL 07/10/22 $105.00 $73,000 1 50 COMQ CALL SWEEP BEARISH 06/16/23 $140.00 $68,000 551 106 COMQ PUT TRADE BEARISH 04/11/22 $110.00 $57.6,000 523 152 COMQ PUT TRADE NEUTRAL 04/11/22 $110.00 $56.4,000 523 439
Someone with a lot of money to spend has taken a bearish stance on Qualcomm QCOM.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with QCOM, it often means someone knows something is going to happen.
So how do we know what this whale just did?
Benzinga's options scanner today spotted 18 unusual options trades for Qualcomm.
This is not normal.
The general sentiment of these big traders is split between 33% bullish and 66% bearish.
Of all the special options we discovered, 12 are puts, totaling $672,661, and 6 are calls, totaling $300,310 .
What is the target price?Given the volume and open interest on these contracts, it appears whales have targeted a price range of $55.0 to $160.0 for Qualcomm over the past Last 3 months.
Development of volume and open interestWatching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Qualcomm options for a given strike price. Below we can observe the evolution of call and put volume and open interest, respectively, for all Qualcomm whale trades within a strike price range of $55.0 at $160.0 in the last 30 days.
Qualcomm Options Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume COMQ PUT TRADE BEARISH 10/21/22 $160.00 $152,200 seven 0 COMQ CALL TRADE NEUTRAL 07/10/22 $105.00 $73,000 1 50 COMQ CALL SWEEP BEARISH 06/16/23 $140.00 $68,000 551 106 COMQ PUT TRADE BEARISH 04/11/22 $110.00 $57.6,000 523 152 COMQ PUT TRADE NEUTRAL 04/11/22 $110.00 $56.4,000 523 439What's Your Reaction?
