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.
Robinhood Markets Inc (NASDAQ:HOOD) shares are trading lower Friday following a downgrade from Goldman Sachs.
Goldman Sachs analyst Will Nance downgraded Robinhood from a Neutral rating to a Sell rating and announced a $13 price target.
Nance is seeing negative trends for Robinhood including weaker retail engagement levels, slowing account growth and a more difficult path to short-term profitability. As a result, Nance expects the stock to underperform over the next year.
The Goldman Sachs analyst also believes other analyst estimates are too high, which sets the stock up for an uphill climb.
Related Link: Robinhood Shares Drop As Goldman Sachs Downgrades Rating To Sell
HOOD 52-Week Range: $9.93 - $85
According to Benzinga Pro data, the stock was down 6.05% at $11.34 at time of publication.
Photo: courtesy of Robinhood.
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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