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.
Enphase Energy Inc (NASDAQ:ENPH) shares are trading higher Wednesday after the company reported better-than-expected financial results.
Enphase reported third-quarter revenue of $634.71 million, which beat average analyst estimates of $610.65 million, according to Benzinga Pro. The company said its topline results were up 20% compared to the second quarter.
Enphase reported quarterly adjusted earnings of $1.25 per share, which beat average estimates of $1.08 per share.
Free cash flow reached $179.1 million in the third quarter. Enphase ended the quarter with $1.42 billion in cash and equivalents.
Enphase said it expects fourth-quarter revenue to be between $680 million and $720 million versus average analyst estimates of $660.21 million.
Enphase is a leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save and sell their own power.
See Also: US Stocks Poised To Lose Momentum As Nasdaq Futures Sink On Disappointing Big Tech Earnings
ENPH Price Action: Enphase has a 52-week high of $324.83 and a 52-week low of $113.40.
The stock was up 6.89% at $283.88 Wednesday morning.
Photo: Sebastian Ganso from Pixabay.
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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