QCOM November 185/200 call spread: upside from compression

Buy the November $185 call and sell the $200 call. Near-term $185 calls attracted $701K of ask-side buying across three sessions, with open interest building over their longer history. Shares are emerging from a tight range above key daily averages. November 4 earnings bring gap risk; selling the higher call reduces cost and exposure to falling option volatility.

• QCOM, call debit spread, 1-3 weeks, opened Oct 27, 2026. It closed at -62.3%.

Updated 2026-11-02 17:48 UTC