QCOM is the firm that is projected to profit from the explosion of 5G. As a chip maker that focuses on the wireless market we believe that QCOM is set to take advantage of the 5G market. As most of its revenue is on patents we believe they will be acquiring additional revenue as new devices come online, as the gaming community continues to grow, and as even the layman wants more speed. We are selling the December 27, $88 PUTS and the December 27 $87 PUTS. If the stock is PUT to us we will be dollar cost averaging. If only the $88’s are PUT we lower our cost basis with additional premiums from the $87s.
All investing involves risk, so Options Dojo can make no warranties or guarantees regarding our Sensei’s selections. Invest with an awareness of your skills, experience and risk tolerance. Options are not suitable for all investors and people can and do lose money.