Skyworks Solutions Inc (SWKS) $20.18 -4.50%
Skyworks Solutions (SWKS) loses 97 cents to $20.16 and a Nov 20 – 21 call spread trades on the chipmaker for 55 cents, 4000X. It might be a position adjustment or closing trade, as open interest is sufficient to cover. Or, it’s possibly an opening trade on the view the stock will recapture $21 (~4.2%) by the end of next week. The stock jumped 6.5 percent to $21.83 last-Thursday after earnings were reported, but have erased the gains, and a bit more, after a three-day skid since that time.
Category: All Stocks, Mid Cap Stocks, Semiconductors
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
