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QCOM Options Signal Volatility Ahead
29 Jul
Summary
- Options markets predict a potential 9% share price move after earnings.
- Traders are pricing a weekly trading range of $147.68 to $177.32.
- Analysts expect $2.22 earnings per share on $9.67 billion revenue.
Qualcomm is set to release its fiscal third-quarter financial results, and the options market is indicating heightened investor anticipation of a substantial post-earnings stock price movement. Current options data suggests an expected fluctuation of about 9% in either direction by the week's end.
Trading activity in Qualcomm's options points to investors bracing for increased volatility following the earnings announcement. Puts around the $165 strike suggest potential downside protection or positioning for weaker guidance across key business segments. Conversely, active call options at the $190 strike indicate some speculative optimism for upward price movement.
Analysts on Wall Street are projecting that Qualcomm will report third-quarter earnings of $2.22 per share, with revenues reaching $9.67 billion. These figures are being closely watched amid ongoing concerns about a slowdown in smartphone demand and broader macroeconomic conditions affecting the technology sector.
