January 31st, 2024 Cybersecurity Gains: 'Buy' for Check Point! Check out this high-flying stock that I spotted today! The stock is Check Point Software Technologies, Ltd. stock symbol: CHKP. Check Point Software Technologies Ltd. a well-known provider of information technology (IT) security solutions across the world. The company offers a comprehensive range of software and combined hardware and software products aimed at IT security to an operating system, a computer device, a server or a virtual desktop. ๐Eager for comprehensive trading insights, options education, and actionable trade recommendations? Dive into my latest video showcasing my Wealth Creation Alliance Trading Service here. Now, let's take a look at the chart below. CHKP Reaching New Heights The Daily Price chart above shows that CHKP stock has been hitting new 52-Week Highs regularly since early January. We look for stocks that are making a series of 52-Week Highs as this is a good indicator that the stock is in a powerful uptrend. How I Amplify Potential Returns Since CHKP is currently making new 52-Week Highs and will likely continue to rally from here, let's use our Optioneering Calculator to look at a potential call option purchase. The goal of this example is to demonstrate the powerful profit potential available from trading options compared to stocks. For this specific call option, the calculator analysis below reveals if CHKP stock increases 5.0% at option expiration to 168.03 (circled), the call option would make 58.2% before commission. If CHKP stock increases 10.0% at option expiration to 176.03 (circled), the call option would make 128.4% before commission and outperform the stock return nearly 13 to 1*. The prices and returns represented below were calculated based on the current stock and option pricing for CHKP on 1/31/2024 before commissions. The leverage provided by call options allows you to maximize potential returns on bullish stocks. The Hughes Optioneering Team is here to help you identify profit opportunities just like this one. Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day Have any questions? Email us at dailytrade@chuckstod.com *Trading incurs risk and some people lose money trading. See Related ArticlesMomentum Boosts MRK's Healthy Surge 'Buy' Signal: UBER Riding Higher © 2024 Tradewins Publishing. All rights reserved. | Privacy Policy | Terms and Conditions | Contact Us If you didn't create an account using this email address, please ignore this email or unsubscribe using the link below. To ensure delivery of this email to your inbox and to enable images to load in future mailings, please add todaystrade@chuckstod.com to your e-mail address book or safe senders list. DISCLAIMER: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by Legacy Publishing LLC. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading. The information provided by the Legacy Publishing LLC ("Legacy") Trading Services, newsletters and educational publications ("Services") is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Please note that results may not be typical and can vary from person to person. There are inherent risks involved with investing in the stock and options market, including the loss of your investment. Any investment is at your own risk. You should only trade or invest your "risk capital" – money you can afford to lose. | |||
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