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.
Yahoo! Inc. (NASDAQ: YHOO) net income from operations fell 55 percent for the recent period on nearly flat revenue, but the company beat third-quarter expectations.
Yahoo traded recently in the extended session at $41.22, up 2.5 percent.
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Chief Executive Marissa Mayer said the company saw "strong growth" in mobile, social and video "despite industry headwinds in some of our large, legacy businesses."
Display revenue fell 5 percent to $447 million; Ads sold grew 24 percent while price-per-ad fell in symmetry, 24 percent.
Search revenue grew 4 percent to $452 million while paid clicks were flat and price-per-click grew 17 percent.
At September 30, cash and marketable securities totaled $12 billion in cash and marketable securities.
During the third quarter and fourth quarter to date, the company bought back $1.6 billion in stock, including $1.4 billion as part of a plan to return at least half the after-tax proceeds from the sale of 140 million shares of Alibaba Group Holding Ltd.
The company said it obtained pre-tax proceeds of $9.4 billion from the sale of Alibaba shares.
For the third quarter, net earnings fell to $42 million, or $6.70 per share, from $93 million, or $0.28 share last year. Adjusted earnings were $0.52 per share, compared with $0.34 a year earlier.
Revenue grew 1 percent to $1.148 billion, from $1.139 billion a year earlier.
Analysts expected $0.30 per share on revenue of $1.04 billion.
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.