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.
Robert "Bob" S. Peck of SunTrust Robinson Humphrey believes that for the Q3 earnings report from IAC/InterActiveCorp (NASDAQ: IAC), it is important to remember the company’s publishing and apps businesses took on a restructuring charge in the previous quarter.
Peck maintains a Buy rating on the company while raising the price target from $70 to $73.
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Items To Remember
The analyst mentioned that following the restructuring charge, management’s focus has been on cost cutting to maximize cash flow from these two businesses in order to invest into growing divisions like Vimeo and HomeAdvisor.
Peck also believes that one should remember that “IAC CEO Joey Levin has been the interim CEO of Vimeo as well since the departure of Kerry Trainor in June,” while “IAC sold ASKfm in July from the Publishing division, which will be a headwind to the division's q/q revenue growth.”
Following the repurchase of 6 percent of its outstanding shares in early May, InterActiveCorp still has buyback authorization remaining.
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Vimeo introduced Vimeo Business in September, which is a new membership tier that offers advanced analytics, marketing capabilities, video management tools, help for brands to connect with filmmakers and other features.
Vimeo also announced a deal with Lions Gate Entertainment Corp. (USA) (NYSE: LGF) to bring the 80 series to Vimeo Global service.
Q3 Expectations
Peck also expects InterActiveCorp to continue to generation more than 30 percent revenue growth for HomeAdvisor.
In addition, the analyst stated that Match Group Inc (NASDAQ: MTCH) “continues strong growth led by Tinder and the turnaround with the legacy and affinity brands in North America.”
At last check, IAC was up 1.42 percent at $62.43.
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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.