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 Elastic (NYSE:ESTC) rose in after-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share increased 85.71% over the past year to ($0.04), which beat the estimate of ($0.15).
Revenue of $157,115,000 higher by 38.82% from the same period last year, which beat the estimate of $146,720,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
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Technicals
52-week high: $176.49
52-week low: $39.01
Price action over last quarter: Up 16.07%
Company Description
Elastic NV is a search company. It created the Elastic Stack, a powerful set of software products that ingest and store data from any source and in any format, and perform search, analysis, and visualization in milliseconds or less. The company also offers software solutions built on the Elastic Stack that address a wide variety of use cases including app search, site search, enterprise search, logging, metrics, business analytics, and security analytics. Its solution includes Enterprise Search; Observability and Security. Geographically, it derives a majority of revenue from the United States.
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.