A Six-Figure Bet on a Continued Qualcomm (QCOM) Slide

QUALCOMM, Inc. (NASDAQ:QCOM) puts are accelerated today

Apr 29, 2015 at 2:34 PM
facebook X logo linkedin


QUALCOMM, Inc. (NASDAQ:QCOM) was last seen 2.2% lower at $68.12, and options traders think more losses are coming. Puts are changing hands at an accelerated clip, thanks in part to one ambitious trader. Specifically, it appears as if someone bought to open 5,250 weekly 5/22 64.50-strike puts for an initial cash outlay of $120,750 ($0.23 premium * 100 shares per contract * number of contracts purchased. This trader is betting on the shares to fall another 5.3% and breach $64.50 by the close on Friday. May 22, when the series expires. QCOM hasn't dipped below this mark since early February. 

Put buying has been picking up on QCOM recently. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity has amassed a 10-day put/call volume ratio of 0.77 -- a reading that is higher than three-fourths of all others from the past year. This means put buying has been more popular than normal -- relative to call buying -- during the past two weeks.

This may have something to do with QUALCOMM, Inc.'s (NASDAQ:QCOM) performance of late. When the shares hit $62,26 in early February, it marked an annual low. Overall, the shares have retreated 17% since hitting an annual high of $81.97 in late July, and are in danger of seeing some more bearish brokerage attention from analysts. Specifically, 15 of 24 brokerage firms deem QCOM a "buy" or better, with not a single "sell" to be found.

150429qcom

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI