Bearish flow noted in Qualcomm (QCOM) with 4,295 puts trading, or 1.1x expected. Most active are 4/4 weekly 145 puts and 4/4 weekly 157.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.65, while ATM IV is up over 1 point on the day. Earnings are expected on May 7th.
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