Mixed options sentiment in Qualcomm with shares up 0.91%

Mixed options sentiment in Qualcomm (QCOM), with shares up $1.18, or 0.91%, near $129.96. Options volume relatively light with 6341 contracts traded and puts leading calls for a put/call ratio of 1.15, compared to a typical level near 1.42. Implied volatility (IV30) dropped 1.16 near 42.46,in the top quartile of the past year, suggesting an expected daily move of $3.48. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Market Perform at Bernstein.