Dan Nathan Sees Unusually High Bullish Options Activity In QUALCOMM

Dan Nathan spoke on the show about

. He noticed that options volume was 1.5 times higher than the average volume and most of it came in one very bullish trade. When the stock was trading at $67.50 a trader sold 20,000 contracts of the January 60 puts and bought 20,000 contracts of the January 70 call options and payed a total of $0.80 for the structure. Nathan explained that $60 has been a support and $70 a resistance for

.