Bullish flow in Qualcomm (QCOM), with shares up $14.26, or 8.47%, near $182.64. Options volume extremely heavy with 312k contracts traded and calls leading puts for a put/call ratio of 0.15, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 9.6 points near 51.59, in the highest 10% of observations over the past year, suggesting an expected daily move of $5.94. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Summit Insights.
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