July 22, 2014 1:16 PM | 1 min read |
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.
Netflix Inc. (NASDAQ: NFLX) was down more than 5 percent Tuesday while another analyst expressed skepticism on the shares' value.Citibank's Mark May maintained a Neutral rating on the stock and said its valuation "reflects the positive thesis surrounding U.S. and international subscriber potential and pricing power."The company reported second-quarter revenues Monday in line with expectations, but with earnings slightly above the consensus on lower domestic marketing expense.Netflix surprised analysts by speeding up its plans to launch in six European countries.r The move is now slated for September compared with an earlier plan for late in 2014.The switch resulted in higher-than expected forecast for international losses in the third quarter, May said.Despite his rating, May said he continues to have a "positive view" on the company's long-term growth outlook."The second quarter highlighted solid domestic trends and the increased importance of new market success internationally," May said.Analysts in general are divided on Netflix, with 15 rating it at Buy and 15 at Hold.Two are Overweight, 2 Underweight at three at Sell.Netflix traded recently at $427.57, down 5.4 percent.
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.
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