Cboe data shows mixed options sentiment in Qualcomm with shares down 1.2%
Cboe data shows mixed options sentiment in Qualcomm (QCOM), with shares down $2.30 near $188.81. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.52. Implied volatility (IV30) dropped 1.82 near 71.88,in the top quartile of the past year, suggesting an expected daily move of $8.55. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Qualcomm (QCOM) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
Cboe data shows mixed options sentiment in Qualcomm (QCOM), with shares down $2.30 near $188.81.
Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.52.
Implied volatility (IV30) dropped 1.82 near 71.88,in the top quartile of the past year, suggesting an expected daily move of $8.55.
Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Qualcomm (QCOM) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.