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.
Snowflake Inc. (NYSE:SNOW) reported upbeat sales for its first quarter, but issued weak outlook.
Snowflake posted quarterly sales of $623.60 million, beating analysts’ estimates of $608.36 million. However, it said second-quarter product revenue is expected to be in the range of $620 million to $625 million, which came in below an estimate of $649 million
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Snowflake shares dropped 14.9% to $150.78 in today’s pre-market trading session.
These analysts made changes to their price targets on Snowflake following earnings announcement.
- Barclays cut the price target on Snowflake from $171 to $165. Barclays analyst Raimo Lenschow maintained an Overweight rating.
- UBS slashed the price target on Snowflake from $170 to $155. UBS analyst Karl Keirstead maintained a Neutral rating.
- JMP Securities cut Snowflake price target from $215 to $200. JMP Securities analyst Joe Goodwin maintained a Market Outperform rating.
- Wells Fargo slashed Snowflake price target from $200 to $185. Wells Fargo analyst Michael Turrin maintained an Overweight rating.
- Mizuho cut Snowflake price target from $185 to $175. Mizuho analyst Gregg Moskowitz maintained the stock with a Buy.
- Rosenblatt lowered Snowflake price target from $188 to $170. Rosenblatt analyst Blair Abernethy downgraded the stock from Buy to Neutral.
- TD Cowen cut Snowflake price target from $205 to $185. TD Cowen analyst J. Derrick Wood maintained the stock with an Outperform.
- Loop Capital cut Snowflake price target from $200 to $195. Loop Capital analyst Mark Schappel maintained the stock with a Buy.
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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.