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 Bitauto Hldgs (NYSE:BITA) fell 2% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share fell 312.90% over the past year to ($0.66), which beat the estimate of ($0.97).
Revenue of $276,900,000 declined by 31.90% from the same period last year, which missed the estimate of $305,820,000.
Guidance
Bitauto Hldgs hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
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Price Action
Company's 52-week high was at $15.95
52-week low: $9.60
Price action over last quarter: Up 0.96%
Company Profile
Bitauto Holdings Ltd is a provider of internet content and marketing services. It operates in three main segments: advertising and subscription business, transaction service business, and digital marketing solutions business. Its advertising business provides services to automakers through its websites and mobile apps. It provide transaction-focused online advertisements and promotional activities services to automakers, automobile dealers, auto finance partners, and insurance companies. Its digital marketing solutions business provides website creation and maintenance, online public relations, online marketing campaigns, advertising agent services, big data applications, and digital image creation. All the group's revenues are derived from the PRC.
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.