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.
Michael Pachter was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.
King Digital Entertainment PLC (NYSE: KING)'s low public float is holding back its share price, an analyst told Benzinga on Thursday.
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The Ireland-based maker of Candy Crush and other digital games has about 322 million shares outstanding, but its float is only 39.33 million.
"There are big investors who are poised to own King, but they can't get the shares," Pachter told Benzinga.
King is heavily owned by insiders, including a 48.3 percent stake held by the private equity firm Apax Partners and another 25 percent or so held by company executives and directors.
Institutional investors "need to own a $150 million position," Pacter said. "That's a third of the float."
If investors see insider sales, "and it's disciplined, you're goint to see the stock go up," Pacter said.
The analyst, an enthusiastic player of Candy Crush, argues that King is undervalued.
Netflix, Inc. (NASDAQ: NFLX) trades at 100 times revenue according to Pachter, while King trades at five times revenue.
"I think that's crazy."
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.