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.
Honest Co. posted revenue of about $275 million in 2015, significantly higher than the $150 million reported in the previous year. Moreover, it has a solid amount of cash on hand, as the majority of the raised $222 million from Glade Brook Capital Partners, Fidelity Investments, Institutional Venture Partners, Lightspeed Venture Partners and others are still on the balance sheet, as stated by the CEO Brian Lee and cited by Bloomberg.
According to Lee, the company is not currently starving for the IPO and considers the offering a financing and branding event for them.
However, Lee avoided to make any comments on the rumors reported earlier this year, according to which Honest is working with Goldman Sachs Group Inc (NYSE: GS) and Morgan Stanley (NYSE: MS) on such an offering.
Referring to Lee, Bloomberg said the company stands behind the safety of its infant formula and it "learned a lot" from last year's complaints about its sunscreen and has since worked to educate consumers on how to use it. Online sunscreen sales rose 50 percent year-over-year in 2Q2016 and sunscreen sales at Costco Wholesale Corporation (NASDAQ: COST) increased 42 percent during that same period.
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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