15,000 QCOM Jan 50 calls sold outright through the system at .97.?
Qualcom Inc. is trading at 49.18, up .11 today. QCOM has an IV30 of 24.65, an HV10 of 27%, ADV of 36,500 contracts, and OI of 910,000. There was a call overwriter in QCOM in which 15,000 of the Jan 50 calls sold outright through the system at .97.? This is an opening trade as there are only a few thousand open as of this morning.
This trade appears to be an income overwrite against an existing stock position.? The trader may think that QCOM is not going to eclipse 50.97 between now and Jan Expiration or be willing to sell at that level.? This trade, either way, is an income producing trade and we are 90% certain it is against an existing stock position
This trade should be considered neutral to mildly bullish QCOM stock and extremely bearish QCOM volatility in the near term.