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.
Workday, Inc. (NASDAQ:WDAY) reported better-than-expected first-quarter results after Tuesday's close, but shares are trading lower in Wednesday's session.
Workday reported first-quarter EPS at 43 cents, which beat the 41 cents estimated by analysts. The company reported first-quarter revenues of $825.055 million, which beat $813.93 million estimate.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Why Is It Lower?
Needham analyst Scott Berg explained in an email to Benzinga:
"I believe the stock is mainly weak due to some concern about deal flow being more backend loaded into 4Q. The company has seen new business shift a bit more towards this trend over the last two years but the commentary in the 1Q call suggested the shift will be a bit more pronounced this year. I spoke with the company's CFO after the public call and the shift is indeed small but some view this as an incremental risk to the year when deals are moved to later periods.”
Workday's traded lower by 4.9 percent at $202.44 per share at time of publication.
Related Links:
Workday's Q1 Print Strengthens The Long-Term Thesis, Says Bullish Bank Of America
10 Biggest Price Target Changes For Wednesday
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.