Subscribers to Schaeffer's Weekend Trader options recommendation service received this SWKS commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.
Wireless networking stock Skyworks Solutions Inc (NASDAQ:SWKS) closed below a trendline connecting higher lows since April. The shares also breached their 200-day moving average and are underneath $75, home to 2022 lows. Down more than 20% in 2025, there’s reason to believe tailwinds will persist.
An Apple (AAPL) supplier, Skyworks Solutions stock peaked on Sept. 22 amid the ramp-up and rollout of the iPhone 17. With that gap filled, we could be looking at a ‘buy the rumor, sell the news’ situation developing.
Short interest is down 50% since those April lows. Since mid-June, however, the shares have made no net headway even amid that steady covering activity.
Our recommended January put has a leverage ratio of 4.2 and will double in value on a 21.1% decline in the underlying equity.
Join thousands of traders who make more informed decisions with our premium features.
Real-time quotes, advanced visualizations, backtesting, and much more.