Skyworks Solutions Inc. (SWKS) Bullish Options Activity Yields Major Profits in Yesterday’s Session

Skyworks Solutions Inc. (SWKS) is engaged in the production of analog semiconductors in automotive, broadband, cellular infrastructure, wireless networking, smartphone, GPS and Military applications. SWKS is trading at $101.99 around the upper end of its 52 week range of $44.06-$111.60. Year to date the stock has outperformed the market rallying 40.48%.

Early in the yesterday’s session a trader bought 1,469 of the SWKS June 101.0 Calls for $1.55 when the stock was trading at $98.81. This order was recorded about an hour after the open on OptionHacker, and the stock rose about $3.65 to $102.46 after the trade hit the tape. Over 4,200 contracts have been traded on that line hinting at bullish sentiment. The SWKS June 101.0 Calls traded as high as $3.20 in yesterday’s session making this a highly profitable trade. This stock traded below the Ichimoku Cloud on intraday time frames all week, but ripped to the upside in yesterday’s session and continued to trade above the cloud.

Trade: A trader bought 1,469 of the SWKS June 101.0 Calls for $1.55
Risk: $155 per 1 lot
Breakeven: $102.55

If a trader bought a 20 lot of these Calls they would have profited $3,300 at the highs on $3100 in risk. This is a great example of a hugely profitable UOA trade.