Want to know how to spot potential winners ahead of earnings and triple your investment overnight? Of course you do!
Micron reported its 2021 second-quarter earnings after the closing bell on Wednesday. And today, I want to break down my overnight winning trade in Micron after putting on a bullish risk reversal.
In today's video, I explain what this means and how to execute this type of trade. It's not nearly as complicated as it may sound to newer traders.
But first, why Micron?
For starters, its chart suggested the stock was in a consolidation phase for the past couple of weeks, meaning it was poised to pop like a coiled spring on earnings.
And another similar stock in the same sector, Western Digital, had strong options buying behind it as well.
Now, those aren't the only bullish indicators that convinced me to hop into a Micron earnings trade…
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