Download daily PDF
Latest workspace
Dated end-of-day edition
JW Intelligence Report

Qualcomm Inc / QCOM

StockTechnologySemiconductors
JW Rank76.9/ 100
Official close$182.15+5.27 (+2.98%)
Bid$182.00
Ask$182.13
Previous close$176.88
ATR (14)3.96%
RSI (14)66.3
Volume5.84M
Model reference$180.50
Upside scenario$196.00
Risk reference$171.50
Decision summary

QCOM Option Market Implies Bullish Sentiment Despite Recent Volatility

ConstructiveHigh confidence

The QCOM option market displays a bullish bias despite recent price volatility. This is evidenced by the positive skew, with call options trading at higher implied volatilities than put options. The term structure shows a slight downward slope, suggesting traders anticipate less volatility in the future.

Wheel contextQCOM's recent price surge following news of a potential multi-billion dollar deal with Amazon has fueled bullish sentiment in the options market.
Dated supporting context

JW AI outlook

Bullish

Short-term scenario

Cautious/wait for pullback rather than chase the +3.91% rally; high uncertainty from mixed news flow and overbought technicals. Breakout continuation possible if holds 180+.

Three-month outlook

Moderately constructive with upside from Amazon-validated data-center ramp (management eyes $5B FY27 / $15B+ FY29) and auto/IoT momentum, but tempered by handset weakness, Samsung foundry friction, and competitive AI silicon landscape. Analyst consensus Hold with average 12-month PT $194-204 (modest 5-11% from current). Higher targets ($230+) exist if execution succeeds. Significant uncertainty around data-center volume realization, smartphone demand, and broader semi/AI cycle; beta ~1.6 implies volatility.

Market sentiment context

Predominantly bullish on Amazon AI data-center diversification reducing smartphone dependence. Traders highlighting potential breakout above 181 with ~197 target. Positive notes on modest valuation, AI optionality, and technical rebound. Some caution on deal fine print, execution, and competition. Overall constructive momentum with covering shorts.

Observed market data

Price and technical structure

Dated end-of-day indicator set
Trend reference levels11 observations
20D SMA$166.85
50D SMA$168.60
200D SMA$168.10
9D EMA$173.41
21D EMA$169.45
20D MVWAP$169.06
YTD VWAP$179.66
Daily reference VWAP$181.06
Price vs 20D SMA9.06%
Price vs 50D SMA7.93%
Price vs 200D SMA8.25%
Momentum kinematics10 observations
RSI (7)82.07
RSI (14)66.29
RSI (21)58.09
Stochastic K79.28
Stochastic D75.03
MACD line2.56
MACD histogram0.27
ADX (14)19.43
MACD acceleration0.69
RSI velocity2.46
Volatility and price boundaries11 observations
ATR (14)0.20
ATR (14) %3.96%
Bollinger upper$179.82
Bollinger middle$166.85
Bollinger lower$153.89
Bollinger position1.08%
Volatility environmentMedium
20D realized volatility27.02%
Observed range position43.77%
5D true high$185.46
5D true low$167.04
Participation and institutional flow7 observations
Volume5.84M
20D average volume4.78M
Volume vs 20D average1.22x
20D SMA velocity0.75
50D SMA velocity-0.13
Institutional flow0.94
ATR velocity0.20
Available cached indicators

Detailed decision indicators

Dated authorized values
Market overview7 observations
Price$182.15
DateSep 11, 2026
Volume5.84M
Vwap D$181.06
Mvwap 20$169.06
Change5.27
Change Percentage2.98%
Trend structure6 observations
Trend SignalStrong Bull
Sma 20$166.85
Sma 50$168.60
Sma 200$168.10
Ema 9$173.41
Ema 21$169.45
Momentum structure9 observations
Rsi 782.07
Rsi 1466.29
Rsi 2158.09
Rsi SignalNeutral
Stoch K79.28
Stoch D75.03
Macd Line2.56
Macd SignalBullish
Macd Hist0.27
Volatility structure3 observations
Atr7.21
Atr Pct3.96%
EnvironmentMedium
Option market context3 observations
Current Iv44.38
Iv Rank28.34
Iv Percentile66.53%
Price boundaries8 observations
Bb Upper179.8
Bb Middle166.9
Bb Lower153.9
Bb Pctb1.08
True High$185.46
True Low$175.74
True High 5d$185.46
True Low 5d$167.04
Three-day velocities7 observations
Sma20$0.75
Sma50$-0.13
Mvwap20$0.94
Macd0.69
Rsi2.46
Volume-3.01M
Atr0.20
Risk radar5 observations
Earnings RiskLow
Earnings DateOct 29, 2026
Macro RiskUnknown
Vol RiskMedium
Structure RiskHigh
Deterministic scoring

JW Rank factors

Higher scores indicate stronger observed structure
LiquidityTrading capacity and quote quality proxyCoverage 100%
93
Strategy FitGeneric Wheel premium-selling environment fitCoverage 100%
79
Technical TrendPrice trend, momentum and long-term structureCoverage 100%
87
Market Tail RiskMarket-wide volatility and tail-risk regimeCoverage 100%
56
Fundamental QualityBusiness quality and balance-sheet durabilityCoverage 100%
66
Volatility PressureOption premium pressure relative to realized movementCoverage 100%
70

JW Rank is not a buy/sell rating, and coverage measures field availability—not accuracy or certainty.

Options Intelligence

What the closing chain was pricing

QCOM Option Market Implies Bullish Sentiment Despite Recent Volatility

The QCOM option market displays a bullish bias despite recent price volatility. This is evidenced by the positive skew, with call options trading at higher implied volatilities than put options. The term structure shows a slight downward slope, suggesting traders anticipate less volatility in the future.

Front ATM IV45.84%
Current IV44.96%
IV Rank29.22
IV Percentile67.73%
25Δ skew-1.48
Term slope-1.39
Term structureFlat
Quote coverage100%
Median option spread8.29%
Term structure

Implied volatility by expiration

3 observed expirations
45.8%44.5%
ExpirationDTEATM IVState
2026-09-187.0045.84%—
2026-09-2514.0045.40%—
2026-10-0221.0044.45%—
Reference structures

Defined-risk observations

Bull Put Spread Reference

Expiration—
Short strike$177.50
Long strike$175.00
Net credit / share$0.62
Credit / width24.80%
$62$-188$173.63$178.88Expiration payoff per standard 100-share contract

Bear Call Spread Reference

Expiration—
Short strike$192.50
Long strike$195.00
Net credit / share$0.51
Credit / width20.40%
$51$-199$191.13$196.38Expiration payoff per standard 100-share contract
Evidence used
  • Implied volatility for QCOM calls is higher than puts, indicating bullish sentiment.
  • The term structure of implied volatility slopes down slightly, suggesting expectations for lower future volatility.
Risk context
  • Potential delays or issues with the Samsung foundry deal could negatively impact QCOM's stock price.
Strategy intelligence

Structural fit, not a trade instruction

Wheel fit score79.20

QCOM's recent price surge following news of a potential multi-billion dollar deal with Amazon has fueled bullish sentiment in the options market.

Execution intelligence

Liquidity and quote conditions

Dollar volume$1.06B
Underlying bid/ask spread0.07%
Option quote coverage100%
Median option spread8.29%
Fundamental intelligence

Business quality context

Factor score65.90
Coverage100%

Business quality and balance-sheet durability

Latest strategy observation

QCOM Covered Call signal

Sep 11, 2026 10:29 AM EDT

Covered Call | 2026-09-18 | short $182.50 | $4.93 credit | High turnover

Generalized structural observation only; no quantity, order instruction or personalized recommendation is provided.

Company and fundamental profile

Qualcomm Inc at a glance

Dated valuation, quality, growth and shareholder context

Market position and valuation

Market capitalization$185.77B
P/E (TTM)20.2×
Beta1.71
52-week range$121.99 – $259.92
52-week return11.18%
Shares outstanding1.05B

Profitability and financial quality

Return on equity37.33%
Operating margin23.00%
Net margin21.01%
Debt / equity0.70×

Growth and cash generation

Revenue growth (3Y)0.06%
EPS growth (3Y)-23.90%
Free cash flow CAGR (5Y)23.81%
Revenue / share (TTM)41.22
Book value / share26.17

Shareholder return and calendar

Dividend yield2.50%

Trading and reference facts

MarketNasdaq Nms Global Market
CountryUs
CurrencyUsd
IPO date1991-12-13
Company website
Methodology, edition and field coverage
EditionOfficial Close
Ready sections3 / 3
Report identity087eda61d7250711cdd829f7

JW Rank is deterministic and is not a buy/sell rating. Narrative sections explain dated evidence and do not change the score or observed facts. Coverage measures field availability, not accuracy or certainty. This public edition remains fixed.

Continue with the same symbol

Carry QCOM from this dated report into your Watchlist.

The report remains a fixed publication. The App and web workspace continue with current cached quotes, alerts, options context and symbol history.

Sign in to follow QCOMCompare plans
Important disclosures. Generalized market-structure research only. This report does not consider holdings, objectives, risk tolerance or financial circumstances and is not an investment recommendation, transaction instruction, offer, solicitation or return forecast. Market data, model scores and AI explanations may be delayed, incomplete or incorrect. Past, hypothetical, model and settled-signal results do not predict future results. Options are complex and may involve loss of the entire premium, substantial or theoretically unlimited loss, assignment, early exercise, margin, liquidity and execution risk. Before trading standardized options, read the OCC’s Characteristics and Risks of Standardized Options. Terms of Use · Privacy Policy