27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
- Sequans Communications SA (NYSE:SQNS) reported second-quarter FY21 revenue growth of 5.1% year-on-year to $12.9 million, missing the analyst consensus of $13.6 million.
- Product revenue declined 15.7% Y/Y to $7.4 million, and Other revenue rose 58.1% to $5.5 million.
- The revenue grew 4.4% Q/Q due to increased Massive IoT revenues, higher Vertical services revenue, partially offset by continued supply chain constraints for materials, and the absence of portable router sales.
- The gross margin expanded 830 bps to 56.6%. It grew 650 bps Q/Q due to a shift in revenue mix with increased service revenue.
- The Non-IFRS loss per ADS of $(0.15) beat the analyst consensus for a loss of $(0.17).
- Sequans held $30.3 million in cash and equivalents at June 30, 2021. It generated $6.5 million in operating cash flow during the six months ended Jun. 30.
- Massive IoT was the primary driver of growth in Q2, increasing 14% Q/Q and 120% Y/Y, CEO Georges Karam said. The increase in its Broadband CBRS business and a new deal for Vertical applications also contributed to the Q2 growth.
- The business pipeline is well over $600 million, with the design win portion increasing by 18% Q/Q to $280 million.
- Sequans said unable to offer Q3 guidance due to supply chain constraint concerns.
- Price action: SQNS shares closed higher by 1.31% at $5.43 on Monday.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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