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.
- Despegar.com Corp (NYSE:DESP) reported third-quarter FY21 sales growth of 610.4% year-on-year, to $83.4 million, beating the analyst consensus of $74.90 million. Revenues declined 37% versus 3Q19.
- Gross Bookings increased 298% Y/Y but declined 44% compared to 3Q19.
- Transactions increased 221% Y/Y and decreased 30% against Q3 FY19, with Mobile accounting for 48% of Transactions in the quarter.
- The gross profit was $42.6 million, with a margin of 51.2%.
- The operating expenses increased 53% Y/Y to $64.9 million. The operating loss was $(22.3) million.
- Adjusted EBITDA loss narrowed Y/Y to $(10.3) million.
- Adjusted EPS loss of $(0.30) beat the analyst consensus of $(0.32).
- The company held $276.2 million in cash and equivalents as of September 30, 2021.
- "While the COVID-19 pandemic continues to linger, we anticipate stronger domestic travel during this upcoming summer season in South America," said CEO Damian Scokin.
- Price Action: DESP shares are trading higher by 5.84% at $11.78 on the last check Wednesday.
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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