27% profits every 20 days?
This is what Nic Chahine averages with his options 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 its first earnings release since the largest IPO ever, Alibaba Group Holding Ltd (NYSE: BABA) beat revenue expectations, reporting 16.8 billion yuan ($2.75 billion) in sales versus expectations of 16 billion yuan ($2.7 billion).
Earnings per share also beat, coming in at 2.79 yuan ($0.46) versus expectations of 2.74 yuan ($0.45).
Mobile revenue rose more than tenfold versus the same period last year. The company also has nearly 280 million active buyers, and is preparing for its November 11 sales event, which is the busiest day of the year for the company.
Shares of Alibaba have been volatile in the pre-market session. After popping up 4 percent, shares were recently trading down 0.6 percent at $101.18.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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