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.
Atlassian Corp (NASDAQ:TEAM) shares are trading lower by 3.9% to $191.07 Monday morning, pulling back following Friday's strength. Atlassian last week reported fourth-quarter results. The company also received a number of analyst rating updates following the earnings print.
What Happened: Atlassian reported earnings of 57 cents per share, exceeding the analyst consensus estimate of 43 cents. This represents a notable 111% increase in earnings compared to the same period last year when the company earned 27 cents per share.
Moreover, the company reported quarterly sales of $939.10 million, surpassing the analyst consensus estimate of $911.23 million by 3%.
This sales figure represents a robust 24% increase in sales compared to the same period last year when Atlassian generated $759.84 million in sales.
What Else: Atlassian's co-founders and co-CEOs, Scott Farquhar and Mike Cannon-Brookes, expressed confidence in their strategy and highlighted the company's strong momentum in cloud migrations, enterprise sales, and the ITSM market.
They reported generating over $3.5 billion in revenue for the year and serving more than 250,000 customers on their cloud platform.
According to data from Benzinga Pro, TEAM has a 52-week high of $300.29 and a 52-week low of $113.86.
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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