January 7, 2015 8:04 AM | 1 min read |
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 Wednesday, Stifel analyst Kevin Cassidy reiterated a Buy rating and $43.00 price target on
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.
Micron Technology, Inc. (NASDAQ: MU).In the report, Stifel noted, “Micron reported solid results for the November-ending quarter, beating both our and consensus earnings estimates. February quarter guidance missed our and consensus estimates due to management's decision to reduce production next quarter to prepare for the next few process node transitions. While the lower 2QFY15 estimates may disappoint some investors, we view management's decision as further evidence that the DRAM industry has changed. Previously, slowing production would result in potential market share losses. Today, DRAM companies are focused on maintaining profitability rather than market share. Also, the increasing capital intensity of DRAM manufacturing has caused the industry to slow capacity expansion. We continue recommending the MU shares.”Micron Technology closed on Tuesday at $32.87.
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