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.
Lyft, Inc. (NASDAQ:LYFT) reported better-than-expected earnings results for its fourth quarter after the closing bell on Tuesday.
On CNBC’s "Closing Bell," Deirdre Bosa said the company surpassed market estimates on top and bottom line, reporting adjusted earnings of $0.09 per share, versus analysts’ views of $0.08 per share. The company’s revenue came in at $970 million, also exceeding estimates of $940 million, with revenue per active user coming in much better than expected.
Driver shortages also continued to ease, and incentive spending peaked earlier during 2021.
Bosa added that the demand will now remain the key focus, as riders came in lighter-than-expected. Lyft’s active riders were 18.73 million during the fourth quarter, down from market estimates of 20.2 million. However, an increase in active revenue per user means the company is getting more money per trip, but demand "may be a question" for now.
Also check out this: Executives Buy Over $6M Of 5 Penny Stocks
Price Action: Shares of Lyft were down 3.91% to $39.59 in pre-market trading on Wednesday morning.
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.
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!