AAL

Bulls Want a Taste of Surging Skyworks Solutions, Inc. (SWKS)

Skyworks Solutions Inc (SWKS) is getting a halo lift from Apple Inc. (AAPL)

Digital Content Group
Jan 28, 2015 at 11:38 AM
facebook X logo linkedin


Skyworks Solutions Inc (NASDAQ:SWKS) touched an all-time high of $83.95 earlier, and was last seen up 1.5% at $82.74 -- thanks to a halo lift from Apple Inc. (NASDAQ:AAPL), as the company serves as a supplier for the iPhone maker. Accordingly, call buying has picked up, with the intraday pace at twice that of normal levels.

Today's most popular option is the March 85 call, with data suggesting buy-to-open activity. These traders expect SWKS to extend its long-term rally and surpass $85 by the close on Friday, March 20, when the contracts expire. Another strike seeing notable attention is the February 82 call. However, it looks like sell-to-close activity could be occurring here, likely due to traders taking profits off the table after today's price jump.

Put buying has actually been the norm in the security's options pits. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 50-day put/call volume ratio of 0.37 is higher than 98% of all readings taken in the past year. However, considering SWKS has nearly tripled in value in the past 52 weeks, this put buying could likely be due to shareholders hedging against any downside.

It's also not surprising, then, to see the analyst community take an overwhelmingly bullish stance toward Skyworks Solutions Inc (NASDAQ:SWKS). Of the 14 brokerage firms covering the equity, 12 rate it a "strong buy."

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.