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.
BlackBerry Ltd (NASDAQ: BBRY) reported weaker-than-expected revenues last week as the company still struggles in the personal devices category. With lower revenue, management has aggressively cut operating expenses to make up for the cash shortfall. Analysts at JP Morgan said they wonder whether the operating cuts, "particularly in R&D," will end up hurting the company.
JP Morgan noted that BlackBerry's CEO, John Chen, "softened" his language around his $600 million in software revenue in 2016. The change was prompted by Wall Street skepticism and the revelation that the company was "behind schedule."
As a result, JP Morgan lowered its revenue and EPS estimates and cut its price target by $1 to $9. The analysts now see revenue 14 percent lower at $2.795 billion. BlackBerry closed on Friday at $9.46.
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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