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

[view original post]

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.

Was The Smart Money Right About Qualcomm?
Mon, 01 Nov 2021 04:56:06 +0000
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]

Tax Maneuvering Could Create Opportunity in These 7 Beaten-Down Stocks
Sat, 30 Oct 2021 10:00:00 +0000
As investors look toward the end of the year, some are looking to realize losses on laggards to help offset the tax hit on the winners. As of the latest negotiations, it appears that an increase in capital-gains tax that some had wanted to be retroactive to 2021, isn’t in the cards, according to Ben Koltun, director of policy research at Beacon Policy Advisors. Whether the legislation brings increased bills or not, tax-savvy market participants are already maneuvering to mitigate the hit from levies already in place, as they frequently do near year-end.

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.

Huawei Posts Fourth Straight Sales Slump as U.S. Sanctions Bite
Fri, 29 Oct 2021 08:00:00 +0000
(Bloomberg) — Huawei Technologies Co.’s sales shrank for a fourth straight quarter as the Chinese technology giant’s overseas smartphone and telecom-equipment businesses continued to struggle following a U.S. blacklisting.Most Read from BloombergInto the Metaverse: Where Crypto, Gaming and Capitalism CollideCan a New Mayor Fix Seattle’s Downtown?The Terrifying Rise of Haunted TourismThe Best New Restaurants in Washington, Chosen by Top ChefsIn Minneapolis Election, the Future of Policing Is at

Be Sociable, Share!

Related Posts