QCOM Options Are Pricing a $12 Move Into August 7 — Our Positioning Read Says Neutral While the Charts Argue Lower

Qualcomm — ticker QCOM — it's August 1, 2026, and the stock just closed at $147.70. Here's the headline: our read on the options market is neutral. Traders are pricing a range of roughly $136 to $159 for the stretch running into the August 7 expiration. And there's one line in the sand that breaks the whole call: if QCOM closes above $157.50, this neutral read is done and the bears win the…

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