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Barchart
Barchart
Mark R. Hake, CFA

Qualcomm Stock Is Still Below Fair Value - Shorting Puts Is a Good Strategy Here

Qualcomm QCOM Barchart

Qualcomm Inc. (QCOM) stock still looks cheap based on its strong free cash flow (FCF). It could be worth as much as $284, or +38% more. One way to play this is to sell short out-of-the-money puts in nearby expiry periods.

QCOM stock is at $205.83 in midday trading on Monday, June 3. This is 25% higher than its price before the May 1 release of its fiscal Q2 results when it was at $164.11 per share. 

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