Moderately bullish activity in Qualcomm (QCOM), with shares up 40c, or 0.23%, near $174.59. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 1.8 points near 28.52,in the bottom quartile of the past year, suggesting an expected daily move of $3.14. Put-call skew steepened, indicating increased demand for downside protection.
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