27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
- Micron Technology, Inc (NASDAQ:MU) will release 4Q22 results on September 29 after the market close, Citi analyst Christopher Danely highlighted.
- He expects the company to print and guide below the consensus due to excess DRAM inventory and lower demand.
- Also Read: Rosenblatt Sees Micron's 2023 Setup As Positive; Expects Stock Price To Double
- He expects DRAM pricing to decline until 1Q23, though we expect the downturn offset by Capex cuts which set the DRAM industry up nicely for a rebound in 2023 no matter how lousy demand is.
- He trimmed his estimates and reiterated a Buy rating as he believes Micron is exhibiting three signs of a bottom of lower Capex, trough valuation, and most of the downside in consensus estimates.
- Price Action: MU shares traded lower by 0.02% at $50.57 on the last check Wednesday.
- He trimmed his estimates and reiterated a Buy rating as he believes Micron is exhibiting three signs of a bottom of lower Capex, trough valuation, and most of the downside in consensus estimates.
- Price Action: MU shares traded lower by 0.02% at $50.57 on the last check Wednesday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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