Qualcomm (QCOM, Financial) is experiencing a notable uptick in bearish activity within the options market, as evidenced by the trading of 5,938 put contracts. This volume surpasses the average expectation by 10%, indicating heightened investor caution. The most popular options contracts are the July 2025 155 puts and the June 2025 115 puts, collectively accounting for nearly 1,300 contracts.
The current Put/Call Ratio stands at 1.61, reflecting a stronger preference for puts over calls. Additionally, at-the-money implied volatility (ATM IV) has surged by over 5 percentage points today, suggesting increased market uncertainty or expectations of future volatility. Investors are possibly positioning themselves ahead of Qualcomm's upcoming earnings report, which is anticipated on April 30th.
