October 28, 2015 4:53 PM | 1 min read |
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.
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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.
(NYSE: YELP) surged around 5 percent in after-hours trading after the company reported results for the third quarter on Wednesday. The San Francisco, California-based company posted a quarterly loss of $8.1 million, or $0.11 per share, versus a year-ago profit of $3.6 million, or $0.05 per share. Excluding one-time items, the company's adjusted earnings came in at $0.03 per share for the quarter.Its revenue surged 40 percent to $143.6 million. However, analysts were expecting a loss of $0.09 per share on sales of $141.4 million. The average estimate among 181 Estimize users was for a loss of $0.08 per share and revenue of $141.40 million.Local advertising revenue surged 36 percent year-over-year to $115.9 million in the latest quarter. Transactions revenue jumped to $12.0 million from $1.3 million, while Brand advertising revenue slipped 4 percent to $9.0 million.Adjusted EBITDA for the quarter dropped to $12.5 million from $20.1 million.Cumulative reviews increased 35 percent year-over-year to around 90 million. The number of local advertising accounts jumped around 37 percent year-over-year to 104,200 in the quarter."We executed well this quarter," said Jeremy Stoppelman, Yelp's chief executive officer. "Consumers are increasingly discovering our app, which represents approximately 70% of engagement across our entire ecosystem. We believe that our highly engaging app, combined with our native local advertising products that generate high ROI for our customers, strongly positions us to capture the large market opportunity."Yelp expects Q4 revenue of $149.5 million to $154.5 million, and revenue of $545.5 million to $551.5 million for the full year. Analysts projected Q4 revenue of $152 million and FY15 revenue of $546 million.Yelp shares surged 4.98 percent to $23.20 in the after-hours trading session.
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