Options Update: Qualcomm Options Active As Shares Rally On Guidance

Filed under: QUALCOMM Inc (QCOM), Options

Qualcomm, Inc. (QCOM) closed up 3% after reiterating FY11 revenue and EPS guidance. December 48 calls are active with total call option volume of 68K contracts (30K puts). December put option implied volatility of 26 is below its 26-week average of 29 according to Track Data, suggesting decreasing price movement.



RINO International (RINO), a Chinese wastewater treatment company, was halted down $1.08 to $6.07 on news pending after canceling its Q3 conference call without specifying a new date. December 6 straddle is priced at $2.70. January is at $3.30, according to Track Data, suggesting large price movement.



Update is by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: Qualcomm Options Active As Shares Rally On Guidance originally appeared on BloggingStocks on Wed, 17 Nov 2010 17:00:00 EST. Please see our terms for use of feeds.

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