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.
Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher in Wednesday’s after-hours session after the company announced monthly metrics for February.
What Happened: After the market close on Wednesday, Robinhood said total funded customers grew to 23.6 million at the end of February, up approximately 130,000 from January.
Net deposits were $3.6 billion last month. The company had total assets under custody of $118.7 billion as of the end of February, up 16% from January. Robinhood noted that net deposits totaled $21.6 billion over the last 12 months.
Robinhood also said that trading volumes in February were higher across all asset classes relative to January. Equity notional trading volumes were $80.9 billion, up 36%. Options contracts traded were 119.1 million, up 12%, and crypto notional trading volumes were $6.5 billion, up 10%.
Margin balances at the end of February were $3.8 billion, up 6% from January. Total cash sweep balances were $18.1 billion, up 8% from the end of January. Total securities lending revenue in February was $13 million, up 8% from the prior month.
Robinhood is not due to report quarterly results again until early May. Analysts expect the company to report earnings of 3 cents per share and revenue of $506.652 million.
HOOD Price Action: Robinhood shares were up 8.97% at $18.61 after-hours at the time of publication Wednesday, according to Benzinga Pro.
Check This Out: MicroStrategy Stock Moves Lower On Proposed Offering To Buy More Bitcoin
Photo: Shutterstock.
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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