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.
Roku (NASDAQ:ROKU) shares were trading lower on Tuesday after a report emerged that Comcast (NASDAQ:CMCSA) could be eyeing the smart TV market and is in talks with Walmart (NYSE:WMT) to distribute smart TVs.
What To Know: Comcast and Walmart are looking to join forces to become a dominant hub for streaming apps as well as TV channels, according to The Wall Street Journal, citing people familiar with the matter,
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The partnership would involve Walmart promoting TV sets running Comcast software, and would get a share of recurring revenue from Comcast in return, according to WSJ.
See Also: BofA Brushes Aside Roku Investor Concerns, Raises Price Target
Why It's Important: Roku dominates the market, which also includes Apple's (NASDAQ:AAPL) Apple TV and Amazon's (NASDAQ:AMZN) Fire TV, and was the lead streaming TV platform in the U.S. in the third quarter of 2020. Roku media streamers and Roku-based smart TV accounted for the lion's share of over 30% of all connected TV device sales in the U.S.
Roku's stock traded down 2.74% to $201.21 per share at the time of publication Tuesday. The stock has a 52-week high of $239.14 and a 52-week low of $58.22.
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.