Qualcomm (QCOM) volatility elevated into better than expected Q4 results and outlook

Qualcomm (Nasdaq: QCOM) is recently up $4.82 to $57.00 in pre-open trading. ThinkEquity reiterated its Buy rating and $75 price target. Overall option implied volatility of 36 is above its 26-week average of 31 according to Track Data, suggesting larger price movement.

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