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.
Shares of Pandora (NYSE: P) are up more than eight percent following comments from CFO Michael Herring and a buy rating by Stifel Nicolaus.
Among other topics, Herring touched on listener hours and the possibility for expansion into the automobile.
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!
Herring stated that much of the increase in total listener hours are from loyal listeners. Average listener hours per month have risen from 17 to 21. He further commented that this was largely driven by product advances that call the user back to Pandora.
Related: Stifel: The Good And Bad For Twitter's Advertising Business
The CFO indicated that there is significant growth opportunity in the automobile. Only a single digit percent of Pandora use is in cars, while music is much more popular than other forms of terrestrial radio. Herring did not go into detail on Pandora’s plans to boost auto listening.
The Stifel note commented that Pandora will be able to continue its listener per hour growth over the mid- to long-term through its improved distribution channels and further international expansion.
Shares of Pandora were last trading 7.9 percent higher at $27.72.
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.