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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In the last four quarters, the company's EPS provided positive surprise ranging between 18.8 percent and 243.1 percent. The comments come on the heels of the company reporting two positive factors:
- A 43 percent year-over-year growth in loan requests from first-time home buyers.
- The quarter-over-quarter increase — though modest — in average down payment percentage.
The brokerage is not worried about the impact of the content market channel shut down for the credit card unit and believes it will have a minimum impact to the bottom line. LendingTree is also hoping for a removal of the injunction; the hearing is slated for September 29.
The analyst pointed out there has been no change in the traditional 30-year fixed mortgage rates, referencing the Bankrate Inc (NYSE: RATE) announcement. On a seasonally adjusted basis, volume of mortgage applications recorded 1.0 percent uptick last week on top of a 2.8 percent growth in the preceding week.
In the research note, the brokerage said, "Expectations for rising interest rates could change around the FOMC meeting on 9/20–21 but we believe LendingTree is still positioned to grow faster than the mortgage and lending industry in the event there is a downturn due to higher rates."
The stock closed Wednesday's regular trading session at $98.16 and was up 3.72 percent to $101.81 at time of writing Thursday.
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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.