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.
- Twitter, Inc (NYSE:TWTR) reported Q2 revenue of $1.18 billion, which fell 1% year-over-year (+2% on a constant currency basis), missing the consensus estimate of $1.32 billion.
- Adjusted EPS loss of $(0.08) missed the consensus estimate of $0.14.
- Q2 average monetizable daily active usage (mDAU) was 237.8 million, up 16.6% Y/Y. The increase was driven by ongoing product improvements and global conversation around current events.
- Average US mDAU was 41.5 million, up 14.7% Y/Y. Average international mDAU was 196.3 million, up 17% Y/Y.
- Twitter's Advertising revenue was $1.08 billion (+2% Y/Y), and its Subscription revenue was $101 million. (-27% Y/Y).
- Twitter said that advertising revenue was hurt due to uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk.
- Twitter believes that Mr. Musk's purported termination is invalid and wrongful, and the merger agreement remains in effect.
- On July 12, 2022, Twitter commenced litigation against Mr. Musk and certain of his affiliates to cause them to specifically perform their obligations under the merger agreement and consummate the closing in accordance with the terms of the merger agreement.
- Twitter will not issue guidance or host a conference call due to the pending acquisition of Twitter by an affiliate of Elon Musk.
- Price Action: TWTR shares are down 2.2% at $38.65 premarket on last check Friday.
- Photo Via Pixabay
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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