Qualcomm (QCOM) strong breakout today above a trendline from the summer highs and saw 750 June $190 ITM puts sell to open at $27.40 into the close, collecting over $2M in premium showing confidence in owning stock at 190 minus the credit of $27.40 which implies a net basis near $162.50 or roughly just below the September lows where the stock formed a solid long base. QCOM has alot of potential to rebound back towards 200 now into year end with the Tech group seeing money flows again and QCOM itself now closing back above its YTD anchored VWAP currently at 174.65. Earnings are not til early November for the name but likely gets moving based on earnings reports coming later this month from its industry peers. A name that I have liked selling puts and or bull put spreads on the past few month as that 160-165 zone looks like great support going forward and now seeing a fresh large opening ITM put sale gives even more confidence to buy dips.