Trade of the Day: Buyers Targeting QCOM Stock

QUALCOMM, Inc. (NASDAQ:QCOM) — Buyers appear to be targeting QCOM stock. According to Benzinga, on Wednesday, the QCOM July $72.50 calls traded 2,960 contracts above the ask price of $0.88, and rumors circulated of a possible deal with Ambarella Inc (NASDAQ:AMBA).
I must emphasize that this is only a rumor and should not be the sole reason for buying shares, but fundamentals and technicals are also encouraging for a short-term trade. (more)

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