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.
Susquehanna analyst Shyam Patil reiterated a Positive view on Alibaba Group Holding Limited (NYSE:BABA) and cut the price target from $160 to $150.
Also Read: What's Going On With Alibaba Stock Wednesday?
While BABA remains pressured by the choppy macro, management pointed to signs of stabilization in Chinese consumption trends.
The company also announced some changes to its restructuring plan, with the Cloud unit no longer expected to fully spin-off from the group. Despite some near-term uncertainty, Patil continues to like BABA's positioning as the leading China e-commerce player and its significant secular growth opportunity.
Price Action: BABA shares traded lower by 0.20% at $78.78 on the last check Wednesday.
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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