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Top Trade Alert – Jan 27 2023 – Sunpower (SPWR)

By phil
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SPWR-Jan-27-2023-1674834060.7848[1]

SPWR has been picked here before but it's cheap again and it's also our Stock of the Decade (stock most likely to return 10x) - and the decade is still young. 

We started playing them at $5 so you've missed the first 200% gain but still a long way to go at $16.70 - $25 will only be halfway to goal for us:  

SPWR Jan 27 2023.png

  • Sell 10 SPWR 2025 $20 puts for $7 ($7,000)
  • Buy 20 SPWR 2025 $10 calls for $9.20 ($18,400)
  • Sell 20 SPWR 2025 $20 calls for $4.85 ($9,700)

That’s net $1,700 on the $20,000 spread with $18,300 (1,076%) upside potential at $20. We’re aggressive on the short puts but $20 is not very far away. Revenue growth is around 20% and solar is booming and SPWR is small enough were a few big contracts will really move the needle.

 

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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