Information Technology

Qualcomm (QCOM) options and signal

Figures as of 28 Sep 2026

QCOM is Qualcomm, an Information Technology name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

FigureValueDate
Trade CardBull put spread, 18 Dec25 Sep
IV rank97 of 10028 Sep
At the money IV49.8%28 Sep
Priced move to 30 Oct14.1% down, 15.7% up28 Sep
Call wall and put wallBoth 20028 Sep
Signal and the desk's viewNo signal, view bullish25 Sep
Last close187.4828 Sep
Next report4 Nov 202628 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for QCOM was a bull put spread expiring 18 Dec 2026, paper trading.

FigureValue
SignalNeutral
StrategyBull put spread, credit
LegsSell the 170 put, Buy the 145 put
Expiry18 Dec 2026, 84 days to expiry
LimitA credit of at least $4.21
Probability of profit70%, the option market's odds at expiry, from delta
Max loss$2,079 per contract
Max profit$421 per contract
Breakeven165.79
IV rank at that expiry98 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Options Snapshot

QCOM's IV rank is 97 of 100 on 28 Sep 2026.

FigureValue
IV rank97 of 100
At the money IV49.8%, near month, 32 days
Put/call ratio, open interest0.81
Call open interest, strikes captured near the price311,000 contracts
Put open interest, strikes captured near the price252,000 contracts
Cost to trade at the moneyFair, 14.8% of the option's mid price

IV rank is where the at the money IV sits among QCOM's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, QCOM options priced a move of 14.1 percent down and 15.7 percent up by 30 Oct 2026.

ExpiryDaysDownUpRange
2 Oct 202645.3%5.6%177.51 to 197.98
9 Oct 2026118.3%8.9%171.88 to 204.08
23 Oct 20262512.4%13.2%164.18 to 212.28
30 Oct 20263214.1%15.7%160.98 to 216.98
20 Nov 20265319.4%20.8%151.08 to 226.48
18 Dec 20268123.6%24.7%143.28 to 233.88
19 Feb 202714431.5%33.7%128.38 to 250.58

The range is one standard deviation either side of the close of 187.48, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, QCOM's call wall and put wall are both at the 200 strike.

FigureValue
Call wall, most open call gamma200
Put wall, most open put gamma200
Net dollar gamma, calls minus puts$31.71 million
Total dollar gamma, both sides$150.42 million
Close187.48

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 5 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, QCOM's at the money IV is 49.8 percent against 20 day realized volatility of 57.8 percent.

FigureValue
At the money IV49.8%
Realized volatility, 20 trading days57.8%
Realized volatility, 60 trading days48.0%
IV against its own weekly recordHigh, in the top fifth
Weekly readings on record865, from 8 Jan 2010
Weeks the price moved more than the one week priced move32.1% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, QCOM's at the money IV runs from 51.4 percent at 4 days to 51.7 percent at 144 days.

Days to expiryAt the money IV
451.4%
1149.5%
1852.2%
2551.2%
3955.2%
5353.1%
8151.6%
14451.7%

Near and far expiries price about the same volatility, a flat term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, QCOM's IV ten percent below the price sits 0.2 points above at the money IV.

Strike areaImplied volatilityAgainst at the money
10% below the price50.0%+0.2 points
At the money49.8%0.0 points
10% above the price51.9%+2.1 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, QCOM's surface spans 10 expiries out to 144 days, with IV from 48.6 to 55.9 percent near the price.

FigureValue
Expiries captured10
Nearest expiry2 Oct 2026, 4 days
Farthest expiry19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more82
Lowest IV among them48.6%
Highest IV among them55.9%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, QCOM has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

ExpiryDaysAt the money IVCall open interestPut open interest
2 Oct 2026451.4%24,53410,003
9 Oct 20261149.5%6,6803,008
16 Oct 20261852.2%58,31631,038
23 Oct 20262551.2%3,7032,355
30 Oct 20263249.8%4,7322,862
6 Nov 20263955.2%680375
20 Nov 20265353.1%32,22931,036
18 Dec 20268151.6%59,08351,528
15 Jan 202710951.6%109,842109,276
19 Feb 202714451.7%11,37810,607

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, QCOM's largest open interest sits at the 200 strike, with 61,809 contracts across the captured expiries.

StrikeCall open interestPut open interestTotal
20041,06920,74061,809
22035,8054,62340,428
21023,2455,77929,024
1608,18519,20527,390
18012,55813,32525,883
19015,6429,31224,954

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, QCOM's at the money IV moved from 51.7 percent to 49.8 percent.

Figure25 Sep28 SepChange
At the money IV51.7%49.8%-1.9 points
Open interest, strikes captured near the price575,254563,265-11,989
Put/call ratio, open interest0.790.81+0.02

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 100,858 QCOM option contracts traded, 1.0 times its own recent average.

FigureValue
Calls traded59,302
Puts traded41,556
Against its recent average1.0 times
Busier than13 of its last 20 trading days
Open interest, whole chain783,310 contracts
Volume to open interest0.13
Unusual volume flagYes, 11 contracts traded well above open interest
Largest flagged contractThe 182.5 put expiring 2 Oct, 6,425 traded against 379 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of QCOM's option positioning, from 11 Aug 2026 to 28 Sep 2026.

DateCloseNet dollar gammaTop call strikeTop put strike
11 Aug 2026162.68$8.64 million170160
21 Sep 2026194.23$49.32 million200200
28 Sep 2026187.48$31.71 million200200

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of QCOM was bullish, paper trading.

FigureValue
SideBullish at 45 trading days, no signal
Level above the close205.85, the swing high of 25 Sep 2026
Level below the close183.49, the swing low of 8 Sep 2026, a close past it runs against the view
The chartSits with the view
Strategy familyBull put spread (sell a put spread below the price)
Price targetNone. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 QCOM sat at the 65th percentile of the model's 45 trading day ranking, paper trading.

TimeframePercentileSide
10 trading days89 of 100Bullish
20 trading days79 of 100Neutral
45 trading days65 of 100Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put QCOM on the bullish side, paper trading.

GroupTimeframesSideOn that side
Near10 day, 20 dayBullish1 of 2
Long45 dayNeutral0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 QCOM had carried no signal for 6 trading days, paper trading.

Trading daySignal45 day percentile
25 Sep 2026None65 of 100
24 Sep 2026None80 of 100
23 Sep 2026None52 of 100
22 Sep 2026None42 of 100
21 Sep 2026None64 of 100
18 Sep 2026None54 of 100
17 Sep 2026Bullish68 of 100
16 Sep 2026None67 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

SectorNamesBullishBearishNeutral
Information Technology187806146

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

QCOM closed at 187.48 on 28 Sep 2026.

FigureValue
Last close187.48
Change over 5 trading days-3.5%
Change over 21 trading days+13.8%
Change over 63 trading days-0.7%
Change over 252 trading days+10.5%
52 week high259.92
52 week low121.99
20 day moving average182.32
50 day moving average170.56
200 day moving average169.19
RSI, 14 days54

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

QCOM reports next on 4 Nov 2026, and options priced an earnings move of 14.7 percent through 6 Nov 2026.

FigureValue
Next report4 Nov 2026, after the close
DateConfirmed by the company
Priced earnings move14.7%, a straddle of $27.48 at the 185 strike, expiring 6 Nov 2026
Move after the report of 29 Jul 2026-2.6%
Move after the report of 29 Apr 2026+15.1%
Move after the report of 4 Feb 2026-8.5%
Move after the report of 5 Nov 2025-3.6%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Public Filings

Company insiders reported 0 purchases and 1 sale of QCOM in the filings the desk holds.

FiledWhoTradeSize
25 Sep 2026Amon Cristiano R, director, President & CEOSold10,000 shares, $2 million
9 Sep 2026. Maria Elvira Salazar, member of CongressSold$1,001 to $15,000
9 Sep 2026. Maria Elvira Salazar, member of CongressSold$1,001 to $15,000

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

Filings as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 49.4 percent of QCOM's reported volume at the covered venues was marked short.

FigureValue
Short sale share, 25 Sep49.4%
Five day average51.0%
52 week median47.8%
Short interest, share of shares outstanding3.6% at the 15 Sep 2026 settlement
Days to cover3.1

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 34 Septembers on record, QCOM's average change was plus 1.7 percent, and it rose in 47.1 percent of them.

MonthAverage changeMiddle changeShare of years upYears
September+1.7%-0.6%47.1%34
October+2.4%+2.1%61.8%34
November+7.2%+5.8%67.6%34

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 5 headlines naming QCOM in the 3 days to 28 Sep 2026.

FigureValue
Headlines in the window5
Latest28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is QCOM's IV rank?
QCOM's IV rank is 97 of 100 on 28 Sep 2026.
What move are QCOM options pricing?
On 28 Sep 2026, QCOM options priced a move of 14.1 percent down and 15.7 percent up by 30 Oct 2026.
Where are QCOM's call wall and put wall?
On 28 Sep 2026, QCOM's call wall and put wall are both at the 200 strike.
What was the latest Trade Card for QCOM on the Free plan?
On 25 Sep 2026 the Trade Card for QCOM was a bull put spread expiring 18 Dec 2026, paper trading.
When does QCOM report earnings next?
QCOM reports next on 4 Nov 2026, and options priced an earnings move of 14.7 percent through 6 Nov 2026.

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