UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on Ctrip.com International Ltd. as Investments Drive Faster Market Share Gain

27% profit every 20 days?

This is what Nic Chahine averages with his option 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.

In a report published Thursday, Morgan Stanley analyst Philip Wan reiterated an Overweight rating on Ctrip.com International Ltd. (NASDAQ: CTRP), but removed the $50.50 price target.In the report, Morgan Stanley noted, “Net revenues grew 36% YoY to Rmb1.49bn in 1Q, exceeding the high end of the company's guidance (up 25-30%) and 6% above our estimate. The operating margin contracted ~9ppts YoY to 4%, due to heavier investment, but was ~150bps better than our estimate. Diluted EPS was US$0.12 (down 33% YoY), beating our and the consensus estimate of ~US$0.11.”Ctrip.com International Ltd. closed on Wednesday at $45.67.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!