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Potential Qualcomm (QCOM) Trade Targets 3.32% Return

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center Aare highlighting two trades on Qualcomm (<a href="http://www.marketintelligencecenter.com/symbol/QCOM">QCOM</a>) today after it closed at $62.41 on Feb 8, 2018. For more conservative investors, look at a covered call using the Mar 16, 2018 $60 call for a net debit of about $58.07. This trade will return 3.32% (34.66% annualized, for comparison purposes only) as long as the stock closes above $60 at expiration. Qualcomm can fall 6.96% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $30 call taking the place of the long stock position and the same short position in the Mar 16, 2018 $60 call. This trade only costs about $29.39 to get into and the rate of return increases to 2.04% (34.66% annualized, for comparison purposes only) but the downside protection falls to 4.83%.

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