Ahead of Qualcomm (QCOM) earnings, Rick Ducat looks at the charts. He compares QCOM to the overall semiconductors group showing a relative underperformance against names like AMD Inc. (AMD), Nvidia (NVDA) and Broadcom (AVGO). On the chart of QCOM specifically, Rick highlights $175 as an old resistance point being monitored ahead of the report. Later, Tom White demonstrates an example options trade using a call diagonal strategy. Tom walks through the reasons why the example trade holds a bullish stance.
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