Qualcomm Inc (QCOM)

[JohnG]

2:01 PM QUALCOMM Moves Lower Amid Optimism


QUALCOMM (NASDAQ:QCOM) continues to be under pressure today, yet options players
are still piling into call options on the security. Today's call volume on QCOM
is in excess of 20,000 contracts, which is about four times the stock's average
call volume. The Schaeffer put/call open interest ratio on the security of 0.56
is already lower than 84 percent of readings taken during the past year. Given
that QCOM shares have been showing weakness amid this display of optimism, I'd
expect further weakness for the shares over the near term.