Stocks quoted in this article:
QUALCOMM Inc. (QCOM – 51-1/4) announced the MSM6000 solution, the first integrated circuit and software solution to assist manufacturers in development and production of lower priced third-generation wireless handsets. QCOM shares are still thrown back to their range of late 1999 but are rallying today on the news.
Over 2,000 QCOM March 55 calls have already traded today, along with over 1,300 April 60 calls. QCOM March puts have also seen brisk action, as 1,700 contracts of the March 50 put and over 1,800 of the QCOM March 60 put have already changed hands today.<