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.
The recent sell-off in Microsoft Corp (NASDAQ:MSFT) is a buying opportunity, managing director of Hummer Winblad Venture Partners Ann Winblad said Thursday on CNBC's "Squawk Box."
What Happened: Microsoft fell more than 3% in after-hours trading after it reported third-quarter financial results Tuesday.
The company reported earnings of $1.95, beating the estimate of $1.78, and revenue of $41.71 billion, beating the estimate of $41.03 billion.
Winblad described Microsoft as a high-margin pure software play. The company is "at the beginning of a huge growth opportunity," she said.
She told CNBC she didn't understand the sell-off in the stock, adding that Microsoft is the stock to own long-term.
Related Link: Why Microsoft Is Really Trading Down Today (Hint: It Has Nothing To Do With Earnings)
MSFT Price Action: Microsoft has traded as high as $263.19 and as low as $169.39 over a 52-week period.
The stock is up 14.45% year-to-date.
Microsoft was down 2.04% at $249.36 at last check.
Photo courtesy of Microsoft.
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.
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!