Cybersecurity Gains: Buy Check Point!

Posted by Chuck Hughes | Jan 31, 2024 | Chuck's Trade of the Day | 0 |

Cybersecurity Gains: Buy 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.

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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 continue to rally from here, let’s use our Optioneering Calculators 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.

About The Author

Chuck Hughes

DISCLAIMER: 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. Trading stocks and stock options involves high risk, and you can lose the entire principal amount invested or more. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses. Chuck Hughes' profit results are not typical. Chuck Hughes is an experienced investor, and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading position, willingness to follow the rules and other factors. The actual profit results presented here may vary with the actual profit results presented in other Legacy publications due to the different strategies and time frames presented in other publications. Trading on margin carries a high level of risk and may not be suitable for all investors. Other than the refund policy detailed elsewhere, Legacy does not make any guarantee or other promise as to any results that may be obtained from using the Services. Open trade profit snapshots of Chuck Hughes’ trading accounts represent the open trade profit performance for the trade(s) or the portfolio displayed on the day the snapshot was taken. Open trade profits may have increased or decreased when trades were closed out. Other strategies may not have been profitable during the same time period the open trade profits were displayed. In order to avoid a conflict of interest, Trading Service recommendations were not executed by Chuck Hughes or his associates. The trade entry and exit prices (and resulting profit/loss) represent the price of the security at the time the recommendation was disseminated. Trading Service profits are not based on actual trades and have certain limitations. Because the Trading Service trades have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Also, the Trading Service results do not include the costs of subscriptions, commissions, or other fees. No representation is being made that you will achieve profits or the same results as any person providing a testimonial. Testimonials may relate to various other products offered by Legacy Publishing and not the product offered here, but all of these products are based on Chuck Hughes' system. Performance results of other products described in such testimonials may be different from results for the product being offered and may have been achieved before the product being offered was developed. Results described in testimonials from other products or the product being offered may not be typical or representative of results achieved by other users of such products. No representation is being made that any of the persons who provide testimonials have continued to experience the same level of profitable trading after the date on which the testimonial was provided. In fact, such persons may have experienced losses thereafter or may have experienced losses preceding the period of time referenced in the testimonial. Cash Payout trades receive cash credits from the sale of option premiums. The net profits for Cash Payout trades may be less than the cash received for the sale of the option premium. Some cash income figures presented represent the total amount of option premium collected during the referenced period. Actual profits were less. 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, https://www.sec.gov/reportspubs/investor-publications/investorpubsautotradinghtm.html

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