🎯 $Skyworks Solutions(SWKS) Options Strategy: Bullish Ratio Spread
- Underlying: SWKS
- View: Cautiously bullish. Expecting a rebound from oversold conditions towards the $77 resistance, but with significant uncertainty and high IV. The strategy aims to profit from a moderate move up while being short volatility and long time decay.
- Strategy Type: Debit Spread / Volatility Short (Net Short Vega)
- Option Contract Portfolio:
- Buy 1 SWKS 2026-07-17 $70 Call @ $6.20 (Ask)
- Sell 2 SWKS 2026-07-17 $75 Calls @ $3.70 (Bid each)
- Max Gain & Loss:
- Max Gain: $1.20 per spread. Achieved if SWKS closes at exactly $75 at expiration.
- Max Loss: Unlimited above the upper breakeven point ($81.20). Loss is limited below $70 (cost of the spread).
- Initial Cost/Credit: Initial Credit of $1.20 per spread.
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