27% profits every 20 days?
This is what Nic Chahine averages with his options 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 Alibaba Group Holding (NYSE:BABA) rose 0.1% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 29.50% year over year to $3.38, which beat the estimate of $3.25.
Revenue of $33,883,000,000 rose by 46.10% from the same period last year, which beat the estimate of $33,350,000,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Alibaba Group Holding hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Feb 02, 2021
Time: 07:30 AM
ET Webcast URL: https://www.alibabagroup.com/en/ir/home
Price Action
52-week high: $319.32
Company's 52-week low was at $169.95
Price action over last quarter: down 11.65%
Company Profile
Alibaba is the world's largest online and mobile commerce company, measured by GMV (CNY 5.7 trillion/$846 billion for the fiscal year ended March 2019). It operates China's most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba's China marketplaces accounted for 68% of revenue in fiscal 2019, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees. Additional revenue sources include international retail/wholesale marketplaces (7%), cloud computing (7%), digital media and entertainment platforms (6%), Cainiao logistics services (4%), and innovation initiatives/other (1%). Mobile GMV accounted for roughly 85% of consolidated GMV in fiscal 2019.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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