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.
Alibaba Group Holding Limited (NYSE:BABA) reported better-than-expected first-quarter financial results.
Alibaba reported first-quarter FY23 revenue growth of 14% year-on-year to $32.29 billion, beating the consensus of $31.20 billion. Non-GAAP earnings per ADS of $2.40 beat the consensus of $2.02.
Alibaba shares jumped 4.6% to close at $99.21 on Thursday.
These analysts made changes to their price targets on Alibaba following earnings announcement.
- Bernstein boosted the price target on Alibaba from $98 to $100. Bernstein analyst Robin Zhu maintained a Market Perform rating.
- Baird increased the price target on Alibaba from $115 to $120. Baird analyst Colin Sebastian maintained an Outperform rating.
- B of A Securities raised Alibaba price target from $137 to $142. B of A Securities analyst Eddie Leung maintained a Buy rating.
Now Read This: Flowers Foods, Spectrum Brands And 3 Stocks To Watch Heading Into Friday
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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