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.
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!
The company fell short in its second-quarter sales, reporting $352 million compared to a $392 million Street estimate.
Also on Wednesday, BlackBerry announced that it would exit the hardware business and shift to licensing its software in an attempt to reach profitability.
Here's a look at what analysts have said since BlackBerry's report and announcement on Wednesday:
- Raymond James Ltd: Upgraded to Outperform and increased target price from $8 to $10.50.
- Macquarie: Upgraded from Underperform to Neutral; raised price target from $7 to $8.50.
- RBC Capital Markets: Maintains a Neutral rating; raised its price target from $7 to $7.50.
- Morgan Stanley: Maintains Equal-Weight rating with a price target of $7; increased EPS estimates by $0.10. Credit Suisse: Reiterated an Underperform rating and target price of $6.
- Goldman Sachs: Maintains a Sell rating with a price target of $6.
At time of publication, BlackBerry was seen trading at $7.93, down 4.86 percent on the day.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!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.