August 28, 2014 9:53 AM | 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.
In a report published Thursday, Summit Research analyst Richard Williams reiterated a Hold rating and $92.00 price target on
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.
(NYSE: WDAY).In the report, Summit Research noted, “Workday (WDAY, HOLD) results were better on the top line at $186m versus our $168m estimate and consensus at $177m. Subscriptions were $14m ahead of our HCM number, but below our Financials estimate. We think modestly slower growth and a lack of catalysts could lead to a period of lackluster performance over the next few months. For example, billings fell to 10.8% versus 17.5% in F1Q, while deferreds slowed to 10% versus 11.5% in F1Q that capped 4 quarters of acceleration. For us, the next significant events will likely be F3Q results and the annual Rising conference in November, where new product announcements are typically made and key metrics updated. We think HCM revenue was $123m in F2Q. Financials revenue was not given, nor was customer count but we estimate $16.7m in F2Q versus our projected $18m. Management's decision to stop giving customer counts significantly diminishes our visibility into segment performance and therefore reduces our confidence.”Workday closed on Wednesday at $90.30.
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