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.
Shopify Inc.(NYSE:SHOP) shares are trading lower Friday amid overall market weakness following a worse-than-expected Q2 earnings report from Snap Inc (NYSE:SNAP). Weakness in Snap has weighed on internet and tech-related stocks and dimmed sentiment going into the earnings season
Snap said second-quarter revenue increased 13% year-over-year to $1.11 billion, which missed the estimate of $1.14 billion, according to data from Benzinga Pro. The social media company reported a quarterly loss of 2 cents per share, which missed the estimate for a loss of 1 cent per share.
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Shopify offers an e-commerce platform primarily to small and midsize businesses.
At the time of publication, shares were down 7.65% at $37.32.
See Also: Why Snap Stock Is Plunging Today
SHOP Price Action: Shopify has traded as high as $176.29 and as low as $29.72 over a 52-week period.
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.