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.
On CNBC's "Squawk Box Asia," Brent Thill of Jefferies spoke about Facebook, Inc. (NASDAQ:FB). He has a Buy rating for the stock and a price target of $250, but he think it could easily reach $300, with $12 per share earnings and a mid-20 multiple.
Thill finds the advertising boycott disappointing, but he said advertisers will get through this. He sees the situation as a bump on the road.
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!
Facebook is a big platform and everybody is going to have an issue with its technology or with the way the management runs it, said Thill. He added that there are a lot of people who use it every day and it's doing a great thing for small business during the crisis. He thinks there are more advertisers joining the platform than leaving it.
Facebook's stock last closed at $240.86 per share.
See Also:
Why Pompeo Says The US Could Ban TikTok
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.