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.
- Keybanc analyst Justin Patterson maintains Match Group Inc (NASDAQ:MTCH) with an Overweight, lowering the price target from $75 to $60.
- Patterson reiterates Bumble Inc (NASDAQ:BMBL) with an Overweight, lowering the price target from $28 to $25.
- The analyst sees potential for Match and Bumble to have better-than-feared prints.
- Match's 2023 outlook considered Tinder to be driven more by monetization optimizations than net adds, which is how the year is progressing thus far.
- The analyst lowered his revenue estimates by 2% and adjusted the operating income outlook by 6% to account for softer net adds, pricing gradually flowing through the model, and legacy brands facing some headwinds from reduced marketing spend and macro sensitivity. He believes investors largely expect a softer guide.
- Match's price target cut reflects the lower AOI forecast.
- Tinder launched its first global brand campaign and expected benefits to build into 2H23.
- For Bumble, the analyst assumes international is the primary driver of net adds, and there are still monetization levers in 2H23 to support 2023's +16%-19% Y/Y revenue growth target.
- The analyst sees Bumble's 1Q and 2Q aligned with his revenue and EBITDA estimates.
- The 2023 estimates are primarily unchanged to reflect more robust Bumble growth.
- Price Actions: MTCH shares traded lower by 2.22% at $36.08 on the last check Monday. BMBL shares traded lower by 2.94% at $17.68.
- Photo by Solen Feyissa 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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