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.
Shares of Rentrak Corporation (NASDAQ: RENT) are sharply lower on Friday following the company’s third-quarter financial results.
For the third quarter, Rentrak reported EPS of $0.09 on revenue of $26.87 million.
Following the release, analysts at Wunderlich Securities downgraded shares of Rentrak from Buy to Hold and lowered the price target from $93 to $60 per share.
Analysts at the firm downgraded the stock due to the company’s downbeat third quarter earnings call.
During the call Rentrak management suggested “80% TV Everywhere top line advances are now unsustainable.” In addition, Wunderlich analysts are cautious on margins due to higher R&D expenses.
Moreover, Brean Capital analysts also lowered the price target on shares of Rentrak from $95 to $86 following the earnings report.
Shares of Rentrak recently traded at $51.45, down 36 percent.
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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