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.
Coatue Management L.L.C. recently confirmed that it boosted its stake in the cloud storage company, Box Inc (NYSE: BOX), which raised $175 million in an initial public offering on January 23.
In a 13G filing Monday, Philippe Laffont's hedge fund said it now owns a 9.99 percent stake in Box.
Coatue had agreed to purchase up to 1.25 million shares, priced at $14 at the time. The Los Altos, California-based Box changed hands recently at $18.12, down more than 3 percent.
The hedge fund, which invested about $75 million last spring in Box, is barred by a lock-up agreement from selling shares acquired in the IPO for 180 days.
Box, now valued at $2.13 billion, counts U.S. Venture Partners, Draper Fisher Jurvetson and General Atlantic among its major shareholders.
The tech-heavy Coatue, with assets of about $9.7 billion, listed the following stocks as its top five holdings last 13F season: Apple Inc. (NASDAQ: AAPL), Netflix Inc. (NASDAQ: NFLX), Baidu Inc. (NASDAQ: BIDU), LinkedIn Corp. (NYSE: LNKD) and Avago Technologies Ltd. (NASDAQ: AVGO).
Laffont spoke with OneWire in 2013 about his investment strategy:
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.
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!