by Ian Harvey
November 06, 2017
Skyworks Solutions Inc. (NASDAQ:SWKS)
Here is an overview of Skyworks Solutions Inc. (NASDAQ:SWKS) winning options call trade before reporting earnings. This options trade was recommended, as a consideration, on Monday, November 06, 2017 in the article “Earnings Predictions for the Week Beginning November 06, 2017”; which produced a nice profit within a few hours of executing the trade!
Skyworks Solutions Inc. (NASDAQ:SWKS) – will report after the market closes. Wall Street expects Skyworks to earn $1.75 per share in the fourth quarter on revenue of $980.3 million, which is in line with the company's guidance. By comparison, the chipmaker earned $1.47 per share on revenue of $835.4 million in the year-ago quarter, indicating that its revenue and earnings will increase in the mid- to high-teens on a year-over-year basis.
The Earnings Whisper number is $1.78 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat.
Skyworks Solutions has outperformed the semiconductor market this year thanks to smartphone bellwethers such as Apple (NASDAQ: AAPL) , Samsung , and Huawei choosing its chips to power their flagship devices – therefore, the semiconductor specialist has had consistent growth, so it is not surprising to see its shares have shot up around 50% so far in 2017.
Option trade to consider: Buy the SWKS NOV 17 2017 115.000 CALL at approximately $2.90.
Skyworks Solutions closed trading on Friday, November 3 at $113.19.
On Monday, SWKS opened at $115.24; and traded in a range of $114.30 to $117.65.
Closed the day at $116.33, up $3.14; or 2.77%.
So, for those traders who managed to execute this trade recommended by Stock Options Made Easy; a nice tidy potential profit of 76% within a few of hours.
ACTION TO TAKE…….
As you would have by now realized, many of our trades are based on earnings predictions. This is not to say all trades recommended to members follow this pattern, but during earnings season this strategy has been very profitable.
Our approach is to predict whether a company will beat or miss estimates, whether the stock will appreciate or depreciate as a result and what strategies investors and traders can use. This type of prediction is based on thorough investigation and fundamentally based research, and the results have been very exceptional.Our proven track record says it all!!
Members of Stock Options Made Easy are provided with an extensive reason as to which direction a stock will move after earnings, followed up by a recommended options trade.
What To Do Now…….
If you interested in being part of this profitable action just click here……