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.
Despite having reported four consecutive quarters of in-line or better earnings, Twilio Inc (NYSE:TWLO) traded down 3 percent Wednesday ahead of its third-quarter release.
But Wall Street is notably optimistic on the name. Consensus reports a $39 average price target representing 29-percent upside, and the ratings ratio is 10 Buys to three Holds. No analysts have issued Sells.
In the last month, seven have updated coverage on the stock:
- Drexel Hamilton: Buy, $47 price target
- Northland Securities: Buy, $36 price target
- Baird Equity Research: Buy, $39 price target
- JPMorgan Securities: Buy, $38 price target
- MUFG Securities Americas: Buy
- KeyBanc: Hold
- Oppenheimer: Buy
Their positive perceptions are justified by overwhelmingly favorable quarterly news.
Throughout the period, Twilio improved its programmable video platform with multi-user augmented reality capabilities; reported an expanded partnership with Amazon.com, Inc. (NASDAQ:AMZN) on Pinpoint’s two-way messaging; and fielded takeover rumors.
Twilio will report earnings Wednesday after market close. At time of publication, shares were trading at $27.54, down 18 percent over the last three months.
Related Links:
Should Twilio Shares Be Bought On Weakness?
Twilio Reducing Its Reliance On Uber, And That's A Good Thing
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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