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.
Shares of Sabre (NASDAQ:SABR) were unchanged at $6.68 after the company reported Q1 results.
Quarterly Results
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Earnings per share were down 185.29% over the past year to ($0.29), which beat the estimate of ($0.32).
Revenue of $658,977,000 lower by 37.18% year over year, which missed the estimate of $666,890,000.
Outlook
Sabre hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
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Technicals
Company's 52-week high was at $25.44
52-week low: $3.30
Price action over last quarter: down 53.93%
Company Description
Sabre holds the number-two share of global distribution system air bookings (38.8% as of the end of 2019 versus 37.1% in 2018). The global distribution system segment represented 73% of total 2019 revenue. The company also has a growing IT solutions division (27% of revenue) that focuses on the airline, hospitality, and travel agent end markets. Transaction fees, which are tied to volume and not price, account for the bulk of revenue and profits.
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.