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.
Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE:SPY) total return for the decade was 250.5%. But there’s no question some big-name stocks didn’t keep pace along the way.
BlackBerry’s Difficult Decade
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One of the biggest market laggards of the decade was mobile phone maker and mobile security software company giant BlackBerry Ltd (NYSE:BB). It may seem like a century ago when BlackBerry was the U.S. market share leader in smartphones. But in fact, BlackBerry held a 40% share of the U.S. smartphone market in 2010.
At the beginning of the 2010s, BlackBerry (then called Research In Motion) was trading at around $67.54. The first year of the decade actually started off strong for BlackBerry. The stock rallied above $75 in the first quarter of 2010, a level that would ultimately end up being its high point of the 2010s. BlackBerry traded below $45 in mid-2011 and never looked back. By mid 2012, the iPhone’s market share gains had begun to look insurmountable for BlackBerry, and the stock dropped below $10 per share.
2020 And Beyond
After officially changing its name in 2013, BlackBerry continued to struggle with its pivot to mobile security. The stock ultimately hit its 2010s low of $4.86 in October of 2019.
BlackBerry investors didn’t enjoy 2010s, and $100 worth of BlackBerry stock in 2010 would be worth about $9.50 today.
Looking ahead, analysts expect BlackBerry may finally start to gain some ground in 2020. The average price target among the 13 analysts covering the stock is $7.20, suggesting 12.1% upside from current levels.
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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.