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.
- Chinese online destination for automobile consumers Autohome Inc (NYSE:ATHM) reported a second-quarter FY21 revenue decline of 16.2% year-on-year to $300.2 million, beating the analyst consensus of $287.2 million.
- Segments: Online Marketplace and Others Revenues grew 10% Y/Y to $92.0 million due to TTP's consolidation and the increased contribution from data products.
- Leads generation services revenues declined 11.5% Y/Y to $115.2 million due to decreased dealer advertising spending.
- Due to the semiconductor chip crisis that resulted in lower average revenue per automaker advertiser, Media services revenues reduced 35.7% Y/Y to $92.9 million.
- Data Products revenue grew 47.1% Y/Y aided by higher contribution from OEM data products.
- Margin: The gross margin contracted 203 bps to 86.5% as costs declined 1.4% Y/Y.
- Non-GAAP earnings per ADS were $0.97 beating the analyst consensus of $0.96.
- Autohome held $2.85 billion in cash and equivalents as of June 30, 2021. It generated $90 million in operating cash flow during Q2.
- The revenues from NEV brands jumped 238% Y/Y in Q2.
- Autohome maintained its position in the auto media vertical with mobile daily active users increasing 16.1% Y/Y.
- Price Action: ATHM shares closed higher by 6.08% at $41.88 on Tuesday.
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.
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