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.
- DouYu International Holdings Ltd (NASDAQ:DOYU) reported a third-quarter FY21 revenue decline of 7.8% to $364.4 million year-on-year, missing the consensus of $377.7 million.
- Segments: DouYu's Live streaming revenue decreased by 5.9% Y/Y to $343.1 million due to the higher revenue base in the prior-year period due to several notable fan engagement events launched in the summer of last year to facilitate paying user conversion.
- Advertising and other revenues declined 30.5% Y/Y to $21.3 million due to exploring new commercialization models by using a portion of advertising traffic that could have been directly monetized.
- Margin: The gross margin contracted 260 bps to 11.9% due to revenue decline.
- Adjusted loss per ADS of $(0.02) beat the consensus loss of $(0.03).
- DouYu held $1.1 billion in cash and equivalents.
- Drivers: DouYu's quarterly average mobile MAUs rose 3.9% Y/Y to 61.9 million. The quarterly average paying user count decreased 8.9% Y/Y to 7.2 million.
- Our core operating metrics continued to grow steadily in the third quarter of 2021, with our quarterly average mobile MAUs increasing by 3.9% year over year to 61.9 million, CEO Shaojie Chen said.
- Price Action: DOYU shares closed lower by 4.8% at $3.77 on Monday.
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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