Qualcomm (QCOM) Offering Possible 44.09% Return Over the Next 17 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $132.00 short put and a strike $127.00 long put offers a potential 44.09% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $132.00 by expiration. The full premium credit of $1.53 would be kept by the premium seller. The risk of $3.47 would be incurred if the stock dropped below the $127.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Qualcomm is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Qualcomm is bullish.

The RSI indicator is at 71.82 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Qualcomm

Qualcomm Announces Goal to Achieve Net-Zero Emissions by 2040
Mon, 01 Nov 2021 11:30:00 +0000
Qualcomm Incorporated today announced plans to achieve net-zero global emissions for Scopes 1, 2 and 3 by 2040 and committed to the Science Based Targets initiative's (SBTi) Business Ambition for 1.5°C. This builds on the Company's existing greenhouse gas (GHG) emissions reduction goal and includes interim 2030 science-based emissions reduction targets across Scopes 1, 2 and 3.

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Can Modest Revenue Growth Propel Qualcomm (QCOM) Q4 Earnings?
Fri, 29 Oct 2021 12:29:12 +0000
Qualcomm (QCOM) is expected to have recorded higher revenues in fourth-quarter fiscal 2021 year over year, driven by the ramp-up in 5G-enabled chips and strength in its Snapdragon portfolio.

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