Options Corner: Qualcomm's Post-Earnings Fallout Offers A Potentially Discounted Opportunity

Benzinga_recent_news02-07

On paper, Qualcomm posted earnings per share of $3.50 on revenue of $12.25 billion, beating the consensus target of $3.15 and $12.22 billion, respectively. These figures also expanded upon the year-...

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These figures also expanded upon the year-...</p>\n\n<a href=\"https://www.benzinga.com/markets/options/26/02/50463614/qualcomm-qcom-stock-earnings-fallout-discounted-long-trade\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Options Corner: Qualcomm's Post-Earnings Fallout Offers A Potentially Discounted Opportunity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOptions Corner: Qualcomm's Post-Earnings Fallout Offers A Potentially Discounted Opportunity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-07 05:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/options/26/02/50463614/qualcomm-qcom-stock-earnings-fallout-discounted-long-trade><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On paper, Qualcomm posted earnings per share of $3.50 on revenue of $12.25 billion, beating the consensus target of $3.15 and $12.22 billion, respectively. These figures also expanded upon the year-...</p>\n\n<a href=\"https://www.benzinga.com/markets/options/26/02/50463614/qualcomm-qcom-stock-earnings-fallout-discounted-long-trade\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4532","symbol_name":"文艺复兴科技持仓","start_time":0,"source_url":"https://www.benzinga.com/markets/options/26/02/50463614/qualcomm-qcom-stock-earnings-fallout-discounted-long-trade","article_id":"2609413514","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/06/Qualcomm.jpeg?optimize=medium&dpr=2&auto=webp&width=120"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/options/26/02/50463614/qualcomm-qcom-stock-earnings-fallout-discounted-long-trade","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2609413514","pubTimestamp":1770412140,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"While Qualcomm's guidance disappointed investors, the smart money's prioritization of downside insurance has made QCOM stock calls cheap.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK4532":"文艺复兴科技持仓","BK4581":"高盛持仓","BK4554":"元宇宙及AR概念","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","SG9999002224.SGD":"Allianz Global High Payout SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","BK4527":"明星科技股","BK4512":"苹果概念","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU0079474960.USD":"联博美国增长基金A","QCOM":"高通","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","BK4141":"半导体产品","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","QCMU":"2倍做多QCOM ETF-Direxion","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","BK4575":"芯片概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1046421795.USD":"富达环球科技A-ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4212":"包装食品与肉类","BK4612":"AI芯片","BK4515":"5G概念","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","BK4604":"机器人概念","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4135":"资产管理与托管银行","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4579":"人工智能","BK4588":"碎股","BK4605":"半导体精选","SG9999002232.USD":"Allianz Global High Payout USD","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","QCMD":"1倍做空QCOM ETF-Direxion","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","BK4598":"佩洛西持仓","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","QCML":"2倍做多QCOM ETF-GraniteShares","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4573":"虚拟现实","BK4561":"索罗斯持仓","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC"},"translate_title":"期权角：高通财报发布后的影响提供了一个潜在的折扣机会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QCOM":1.98,"QCMD":0.6,"QCML":0.6,"QCMU":0.6},"content_text":"On paper, Qualcomm posted earnings per share of $3.50 on revenue of $12.25 billion, beating the consensus target of $3.15 and $12.22 billion, respectively. These figures also expanded upon the year-ago quarter's results of earnings of $3.41 per share and a top-line print of $11.67 billion.\nFor example, for the March 20 expiration date, the curvature of the skew rises on both ends of the price spectrum, with put IV priced higher than calls. This setup suggests that the main theme among smart money traders is to protect against additional potential downside volatility, particularly with mechanical shorts via deep in-the-money (ITM) puts.\nWhile the hedging activity is more than understandable given that QCOM stock is now down 19% on a year-to-date basis, it has also made bullish expression through call options relatively cheap. If there's a legitimate reason to consider going long QCOM, it could be a legitimate discount.\nWhile we may have an understanding of the general smart money sentiment of Qualcomm stock, we're still at a loss as to how this may be expressed in actual outcomes. For that, we may turn to the Black-Scholes-derived expected move calculator. Wall Street's standard mechanism for pricing reveals that for the March 20 expiration date, QCOM may range between $127.55 and $149.63. This estimate represents a 7.96% high-low spread relative to the spot price.\nWhere does this dispersion come from? Black-Scholes assumes a world where stock market returns are lognormally distributed. Under this framework, the above range represents where QCOM stock may symmetrically fall one standard deviation away from spot (while accounting for volatility and days to expiration).\nBasically, Black-Scholes is saying that in 68% of cases, we would expect QCOM stock to trade roughly between $128 and $150 over the next 42 days. Reasonable? I'd say so. After all, it would take an extraordinary catalyst for a major name like QCOM to move beyond one standard deviation. That said, it's not the most instructive piece of information because of the peak-to-trough spread of 17.3%.\nQuite frankly, we have reached the limit of first-order analyses. While we haven't looked at unusual options activity, the reality is that persistently aberrant trades would show up in the volatility skew. And implied volatility is the main driver of the Black-Scholes model.\nBasically, Qualcomm stock is a shipwrecked survivor and first-order analyses have identified that the SOS signal pinged somewhere in a large patch of the Pacific Ocean. That's informative but even the search radius is a sizable area. Given limited resources for a search-and-rescue (SAR) attempt, we have to use math to best estimate where the survivor is likely to be found.\nThat's where the Markov property comes into frame.\nUnder Markov, the future state of a system depends entirely on the present state. In other words, forward probabilities should not be calculated independently but be assessed under context. In the above SAR analogy, we can't just assume survivor drift patterns independent of context, like ocean currents or wind speed. The presence of choppy waters or calm waters will likely have a dramatic effect on where the survivor is likely to be found.\nLet's pause here for a moment. This process of pattern recognition — or perhaps more formally enumerative induction — is not philosophically airtight. Just because a pattern has been established does not mean that in the next move, the pattern must be respected. Still, in a world of uncertainties, this Bayesian-inspired methodology is arguably the best mechanism we have available.\nIf you accept the premise, over the next 10 weeks, QCOM stock will likely trade between $132 and $158. Probability density will likely peak near $140. However, Bayesian-inspired inference suggests that density may stay relatively elevated to around $150 before a noticeable drop-off occurs.\nGiven how the probabilities may stack up, I'm liking the 145/150 bull call spread expiring March 20. This wager requires QCOM stock to rise through the $150 strike at expiration, which is ambitious but within reason contextually. If the second-leg strike is triggered, the maximum payout would be nearly 229%. Breakeven would land at $146.52, helping with the trade's probabilistic credibility.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2609413514","isCrawlerRequest":true}