Call Spread on QRVO on 4/5/2021

Qorvo, Inc. (QRVO) develops and commercializes technologies and products for wireless and wired connectivity worldwide.

The company operates in two segments, Mobile Products, and Infrastructure and Defense Products.

The company offers integrated modules incorporating switches, power amplifiers, filters and duplexers, antenna tuners, RF power management integrated circuits, multimode/multi-band PAs and transmit modules, antenna-plexers, discrete filters and duplexers, discrete switches, and UWB system solutions, as well as envelope tracking power management solutions, antenna control solutions, and UWB system solutions supporting secure, low power, location, and communication services.

It also provides integrated solutions that include switch-LNA modules, variable gain amplifiers, and integrated PA Doherty modules for massive multiple-input/multiple-output systems; RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers; Wi-Fi customer premises equipment, including power amplifiers, switches, low noise amplifiers, and bulk acoustic wave filters; system-on-a-chip hardware, firmware, and application software for smart home applications; automotive RF connectivity products and metal oxide semiconductor based UWB chip and module system solutions; and power application controllers and programmable analog power ICs.

The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors.

As the company's demand for 5G handsets, WiFi 6, and IoT products increase, so have share prices.

We will be trading an May 21st Call Spread

Entry Point: $192.90

Trading Range: $75.41 - $194.28

Trade Buy 1 May $190.00 Call at $13.50 Sell 1 May $200.00 Call at $9.10 For a net debit of $4.40 Profit/Loss Analysis Breakeven at $194.40 Maximum profit is $560.00 at strike of $200.00 Maximum loss is ($440.00) at strike of $190.00 Closing Summary Sold 1 May $190.00 Call at $0.00 Bought 1 May $200.00 Call at $0.00

Position closed on 5/21/2021 at price of $0.00 with a -100.00% loss in 46 days.

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