$78 at near open and then down to $74. QRVO like SWKS is performing very well but the high speed computer trading makes shorting an option. It's a trade not a position.
Up 11%, and it might rise even more but then there will be the fall. SWKS is still best of breed
The trading shares are now cash. I'll wait to see what happens in the next month. Really frustrating in the short term and I had stocks bought for just the short term. Long term holds will be there for a long time but sitting it out until the tide stops rolling me into the sand. Good luck whatever your position might be.
blow out quarter. Seems like that was lacking on Friday and more so this morning. It just seems like many of them were ready to write off Q3 for SWKS based on all the chip companies who reported either lack of growth in Q2 or muted growth in Q3 based on China sales. I quess we will see when they figure out that SWKS is selling real well in both the Iphone6 and S6.
Well we got the blow out ER for sure. My CALLS at $95 will be exercised against me but I make $3 and still own the 5/15 $80 CALLS. Should have some nice activity tomorrow. What are your other Option positions SWKS and others? I have been selling covered calls and picking up 3-5 $ each month except this last one where I bought CALLS at $100 and they expired out of the money last FRIDAY....had earnings date guessed wrong.
We have been so beaten up over the last month and it will be higher tonight and tomorrow. And if the market rebounds at all then it will be an even better day. Still a good long term hold
B/A are 1.20/1.40 and SWKS is trading at 93.90. I thought that I could get them at $.50. Compare to NXPI...
NXPI for May 15 $100 CALLS B/A are 1.80/1.90 and trading now at $98.
It can only be the possible or expected upside for a good earnings report from SWKS
Source told me that TASR was a busy item for them in factory. Other source says similar thing about SWKS and that source is in the diversified space, not the IPhone. Hope the business of his plant factors into a nice upside surprise to earnings and forecast.
Ride it through the earnings
better think about closing your short position soon. SWKS looks like it is moving back to $100. And it would be more if it were not fighting the tide.
If you are long then you don't really care. LONG implies you are holding for long term gains which is 12 months
You have a few more days to buy the dip. If APPL is off then SWKS will have a big dip and that is good for the longs. If APPL hits it big then the market will still underestimate SWKS and you can still buy SWKS. Today was a nice trade at the open. Now I am waiting for either scenario.
might also mean that company has made major inroads with their technologies and so are much more diversified now than they were.
I am LONG SWKS...I just stated what I did. I think that SWKS could go down on Monday which could have been a better time to buy for me. If not down then I got lucky to have bought on Friday. I will most definitely buy and HOLD SWKS 100% for sure before SWKS reports on Thursday. Friends who work at SWKS are all upbeat and that is good enough for me. Quoting them they say "they are crazy busy...iPhone sales might be down a little but that is less than 20% of the company business...every other group is having huge great quarter".
And I just sat down at the computer and see articles about all the analysts raising iPhone sales estimates and that makes me smile. I hope that I am smiling more on Monday and through the whole week.
and that will make SWKS drop after APPL reports. That's when I should have bought the CALLS. I expect that SWKS will easily beat this quarter based on the fact that APPL is only 20% of sales and that they are cranking in all the other industries. If APPL surprises with phone sales when they report then I got lucky and bought when fear in owning SWKS was higher than normal.
SWKS will benefit on the day tomorrow...up only $1 though