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.
Activist investor Starboard Value sent a letter to eBay Inc (NASDAQ:EBAY) on Tuesday calling the company ‘'deeply undervalued,” and said it sees significant opportunities through operational and strategic initiatives.
Last year, eBay agreed to sell its ticketing unit StubHub after coming under pressure from Starboard and Elliott Management Corp.
The e-commerce platform committed to an operating review to “target operational excellence … in order to drive enhanced revenue and operating income growth” and a strategic review “of its asset portfolio, including but not limited to StubHub and eBay Classifieds Group," Starboard said in the letter.
Not enough progress has been made by eBay in the 12 months since the commitments were made, Starboard managing member Peter Field said in the letter.
“No clarity has been provided on a separation of classifieds, the operating review targets anticipate only limited margin expansion while revenue growth has continued to decelerate, and the company has neither added a new director nor announced the departure of an incumbent independent director.”
Starboard Value says it hopes and expects to continue an open and constructive dialogue regarding ways to create value at eBay.
The stock was trading 0.61% higher at $34.60 at the time of publication Tuesday. The stock has a 52-week high of $42 and a 52-week low of $33.53.
Related Links:
EBay Trades Lower After Announcing CEO Is Stepping Down
Report: eBay Sale Of StubHub Could Be Forthcoming
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.
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