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.
In a report published on Thursday, Wedbush analyst Betsy Van Hees raised the price target on Micron Technology (NASDAQ: MU) from $14.50 to $16.00 and maintained an Outperform rating.
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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In the report, Wedbush noted, "Sees favorable DRAM & NAND supply/demand balance setting stage for strong FQ4. MU noted several DRAM products were on allocation and thus far hasn't seen any signs of a slowdown in demand heading into the summer months. NAND supply/demand is also favorable, driven by robust SSD, smartphone, and tablet demand. DRAM ASPs QTD were up mid- to high single digits, with MU expecting cost per bit to be flat Q/Q in FQ4 and bit production up high single digits. NAND trade ASPs QTD were down mid-single digits and MU expects cost per bit to decline to high single digits in FQ3 and bit production to be up high single digits. We are adjusting our FQ4 and full-year estimates, (see Figure: 1), on the better- than-expected ASPs and improvements to GAAP GM."
Micron Technology closed Wednesday at $13.97.