135.0924 - 141.18
57 - 167.94
Echofin Members Consensus
@Tobias39 it depends on your risk tolerance, and account value. If you cover the short put this morning you will incur a loss of about $700-$800 if the opening price is near where it is trading premarket. You could wait to see the ORB, exit if it breaks down but could be at a larger loss, or may be able to reduce the loss if it tries to fill the gap. The prices in the option simulator will be much different this morning when the market opens, so you would need to estimate where those prices are going to be. You could also hold onto it if you feel the bullish case is still intact for $QCOM and let the extrinsic value bleed until expiration day and if gets back above $155 you will be profitable on the trade.
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Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When people connected the phone to the internet, the mobile revolution was born. Today, foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. The company brings the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly. Qualcomm Incorporated includes licensing business, QTL, and the vast majority of patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.
CEO: Steven Mollenkopf
HQ: 5775 Morehouse Dr San Diego, 92121-1714 California