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.
Shares of Box Inc (NYSE: BOX) were trading down roughly 7.5 percent in Wednesday’s after-hours session, following the announcement of the company’s first quarter financial results.
After the market closed on Wednesday, the cloud-based, mobile-optimized Enterprise Content Collaboration platform provider posted a first quarter net loss of ($0.18) per share, $0.06 smaller than the Street expected. Revenue of $90.16 million, up about 37.4 percent year over year, also beat expectations – by $1.51 million.
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Management also raised its full-year guidance. It now envisions revenue in the $391 million to $395 million range, with the midpoint very close to consensus of $393.07 million. In the earnings front, the company is projecting a full-year net loss of ($0.75) to ($0.78) per share, again, below the Street’s consensus of ($0.84) per share.
For the second quarter, Box said it is expecting a net loss of ($0.19) to ($0.20) per share, on revenue of $94 million to $95 million. Analysts are modeling a net loss of ($0.22) per share on revenue of $94.8 million.
Despite the good news, shares were tumbling in after-hours, driven by lower than expected billings. Billings of $75.9 million came in well below expectations for $84.1 million in billings.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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.