Science & Technology
Science and Technology
Science and Technology
Mon, February 9, 2009
Sun, February 8, 2009
Fri, February 6, 2009 Schaeffer's Options Update: Qualcomm Draws Bullish Credit Spread Attention
CINCINNATI--([ BUSINESS WIRE ])--Later this month, key players in the telecommunications sector will converge at the Mobile World Congress to unveil new products, services, and partnerships. Qualcomm (NASDAQ: QCOM) will be among those attending, and the company has hinted that it could be gaining traction with new customers, including Nokia, Dell, and Apple. As usual, wherever there is speculation, there are options traders.
In today's trading, QCOM has been targeted by some heavy put activity. In fact, these normally bearishly oriented options have more than tripled their daily average, placing the security on our Intraday Volume Explosion List. Approximately 40,000 puts have changed hands on the security, but it was the sizable block trades on the March 30 and March 32.50 puts that caught my attention this afternoon.
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