QCOM – Qualcomm, Inc. – The provider of digital wireless telecommunications products and services enticed bullish options investors in afternoon trading. Qualcomm’s shares increased 0.85% to $35.02 by 3:55 pm (ET), but rallied as much as 1.3% to an intraday high of $35.17 at the start of the trading session. Investors piled into out-of-the-money call options in the last 30 minutes of the trading session, buying approximately 38,000 lots at the June $36 strike for an average premium of $0.28 apiece. Call buyers at this strike price are prepared to make money should Qualcomm’s shares rise another 3.7% to exceed the average breakeven price of $36.28 ahead of June expiration. Bulls also purchased some 8,400 now in-the-money calls at the July $35 strike for an average premium of $1.18 apiece. These traders are poised to profit as long as shares trade above the average breakeven point on the calls at $36.18 by expiration day in July.