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.
- Piper Sandler analyst Clarke Jeffries upgrades Wix.com Ltd (NASDAQ:WIX) from Neutral to Overweight, raising the price target from $99 to $120.
- The analyst believes growth estimates have bottomed, even if net new ARR in 2023 is 50% below 2019 levels, revenue would still be within guidance.
- With a cash flow breakeven known for Partners (25% of the mix), the remainder of the $215 million+ annualized cost savings plan should fall to Self-Creator (SC). Even with <15% growth in sc, that improvement opex has the analyst confident over $425 million of fcf cy25.< li>
- Post-4Q22, the analyst believes growth headwinds for post-COVID subscription cohorts are closing, price increases fuel growth without sizable offsetting churn, and the profitability delta between the top & bottom players in the space will likely compress to a narrower range than ever before.
- The analyst flipped from value to growth across his digital presence coverage.
- Piper Sandler downgrades GoDaddy Inc (NYSE:GDDY) from Overweight to Neutral and lowers the price target from $100 to $88.
- Compression to MSD growth has jeopardized the company's ability to produce $8+ FCF/share by 2024, limiting the upside.
- The analyst believes that only significant bookings or profitability inflection in the coming quarters could prevent risk for further top-line deceleration, potentially below MSD.
- Price Action: WIX shares traded higher by 6.92% at $94.50 on the last check Tuesday.
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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