Moderately bullish activity in Qualcomm (QCOM), with shares up $2.63, or 1.53%, near $174.20. Options volume relatively light with 40k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.46. Implied volatility (IV30) is higher by 1.8 points near 33.82,and above the 52wk median, suggesting an expected daily move of $3.71. Put-call skew steepened, indicating increased demand for downside protection.
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