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.
On Monday, Vivint Solar Inc (NYSE: VSLR) reported a strong Q2 EPS of $(0.49) vs. estimates of $(0.58) and revenues of $34.9 million vs. estimates of $24.9 million.
Following Vivint Solar's earnings beat, Oppenheimer's Colin Rusch upgraded the company to Outperform while introducing a $7.00 price target.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
"We are upgrading shares from Perform to Outperform given valuation support from its existing portfolio, a more conservative strategy that emphasizes cash-on-cash returns and sustainable growth, and the potential for improving unit economics based on lower equipment costs and a disciplined sales strategy," stated Rusch.
Solid Execution On Capital
Additionally, Vivint Solar's recent expansion of its term loan facility has demonstrated the company's ability to close large deals in a "relatively short time frame," stated Rusch. The analyst praised debt investors taking note of Vivint Solar's recent "de-risking of its balance sheet and rewarding it appropriately."
At the time of writing, Vivint Solar traded at $3.59, up 12.5 percent.
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.