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.
Online education company Pluralsight Inc (NASDAQ:PS) on May 17 offered 20.7 million shares in an IPO, pricing shares at $15 apiece.
With the IPO quiet period expiring, analysts began coverage on shares.
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The Analyst
Barclays analyst Saket Kalia initiated coverage with an Overweight rating and a $30 price target.
The Thesis
Pluralsight is operating in the IT training market, having a potential of $17 billion to $20 billion per year, with eLearning having a 27 percent share in the overall market, Kalia said in a Monday note.
eLearning's share, according to the analyst, is expected to grow to 33 percent by 2021, thanks to its advantages of it being cheaper and more measurable than classroom-based learning.
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"The secular shift will help the eLearning market grow by double digits through 2021, and is a key tailwind for Pluralsight, in our opinion," Kalia said.
The analyst said the company has several competitive advantages such as "depth of content, flywheel effect of authors and its proprietary AI platform."
Barclays thinks Pluralsight stock, though not cheap, gives access to a unique asset, with distinctive competitive advantages and growth profile.
The Price Action
Since its May 17 listing, Pluralsight stock has gained 27.2 percent. Shares closed Monday up 7.4 percent at $27.32.
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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.