Wednesday, November 4, 2015

QCOM Analysis

The semiconductor maker for mobile devices and wireless networks Qualcomm Inc. (QCOM), headquartered in San Diego, California, publishes earnings on Wednesday after the opening bell.

[QCOM in Wikipedia]


I shall use the DEC series of options, which trades for the last time 44 days hence, on Dec. 18.


Implied volatility stands at 30%, which is double the VIX, a measure of volatility of the S&P 500 index. QCOM’s volatility stands in the 48th percentile of its annual range.

QCOM has declined several percentile in the first hours of trading today. In light of that decline, I shall move immediately to a decision with no further analysis.

Decision for My Account

Today's decline in implied volatility carried QCOM from above the 50th percentile to below that benchmark level. With implied volatility in the 48th percentile, QCOM no longer qualifies for an earnings play. I shall do no further analysis and plan to enter no new position today.

-- Tim Bovee, Portland, Oregon, Nov. 4, 2015


Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.


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Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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