Bearish flow noted in Qualcomm (QCOM) with 5,938 puts trading, or 1.1x expected. Most active are Jul-25 155 puts and Jun-25 115 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 5 points on the day. Earnings are expected on April 30th.
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