27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The 5G iPhone is coming, and one Wall Street analyst thinks it will be a big catalyst for Apple Inc (NASDAQ:AAPL) and iPhone supplier Skyworks Solutions Inc (NASDAQ:SWKS).
The Analyst
Raymond James analyst Chris Caso upgraded Apple from Market Perform to Outperform and set a $250 price target.
Caso also upgraded Skyworks from Market Perform to Outperform and set a $90 target.
The Thesis
Caso said concerns about problems with the Intel Corporation (NASDAQ:INTC) 5G modem derailing Apple’s 2020 iPhone launch are no longer relevant following Apple’s settlement with QUALCOMM, Inc. (NASDAQ:QCOM). Opting to use the Qualcomm 5G model ensured Apple won’t be late to the game, Caso said.
In addition, recent checks suggest Apple will also be offering 5G on lower-priced iPhone models instead of only its high-end “Max” version of the device.
Caso said Skyworks is the biggest semiconductor winner from the 5G iPhone.
Raymond James is forecasting 5% to 10% iPhone unit growth in 2020, with 5G phones representing about 40% of the mix.
Price Action
Apple shares traded around $203.35 at time of publication, while Skyworks shares traded around $80.31.
Related Links:
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JPMorgan Raises Apple Price Target
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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