QCOM probably good for at least a short-term swing

2021년 10월 13일

With today's weak inflation data, treasury yields are falling, which should be at least short-term bullish for tech. Qualcomm has an additional news catalyst from yesterday's announcement that they authorized a $10 B buyback plan. Qualcomm looks to be exiting oversold territory on the daily RSI. It's just under 15 forward P/E right now, with PEG under 0.5 and dividend yield at 2.2%. We may get some positive analyst coverage over the next week as an upside catalyst. I took a gamble on October 22 calls at the 128 strike.

2021년 10월 14일

노트

Big gain today. It's a little short of my target, but no need to tempt fate, so I went ahead and took profit on my calls. Very profitable trade.

2021년 10월 14일

노트

FYI, there's some resistance here for tech.

2021년 10월 15일

노트

Wow, look how neatly QCOM hit the first target here: