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.
United Airlines Holdings, Inc. (NASDAQ:UAL) shares are trading lower on Wednesday. The stock has struggled over the past month in sympathy with other airline stocks.
What To Know: Over the past few weeks, several airline companies have reported earnings. However, the results overall have not been satisfactory.
JetBlue stock fell after issuing weak guidance. Southwest reported mixed second-quarter results and an increase in fuel costs.
Alaska Air fell after posting second-quarter earnings and guiding 0% to 3% topline growth in the third-quarter.
Airline stocks, including United Airlines, have traded lower in sympathy after each report. However, at the end of July, United Airlines reported better-than-expected second-quarter results and issued strong full-year 2023 guidance.
The company reported quarterly earnings of $5.03 per share which beat the analyst consensus estimate of $4.03, a 251.75% increase over earnings of $1.43 per share from the same period last year. The company reported quarterly sales of $14.18 billion which beat the analyst consensus estimate of $13.91 billion, a 17.08% increase over sales of $12.11 billion the same period last year.
Furthermore, United estimated full-year 2023 earnings per share between $11 to $12, versus the $9.73 estimate.
More recently, Redburn Partners analyst James Goodall upgraded United Airlines Holdings from Neutral to Buy and announced a $80 price target on Monday.
Related Link: Why Array Stock Popped Today
UAL Price Action: Shares of UAL were down 2.46% at $53.51 at the time of publication, according to Benzinga Pro.
Image by Lars Nissen 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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