Market Overview

Dan Nathan Sees Unusually High Bullish Options Activity In QUALCOMM

Share:
Related QCOM
PreMarket Prep Recap, March 20: Major Volatility At Friday's Close And Why Disney Is In For A Big Quarter
4 Lessons Latin American Startups Can Teach U.S. Businesses In The Trump Era
Intel's Future Prospects Look Promising (GuruFocus)

CNBC Options Action's Dan Nathan spoke on the show about QUALCOMM, Inc. (NASDAQ: QCOM). 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 QUALCOMM.

Posted-In: Dan Nathan Options ActionCNBC Options Markets Media

 

Related Articles (QCOM)

View Comments and Join the Discussion!