February 11, 2011 1:56 PM | 1 min read |
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.
Shares of Expedia (NASDAQ: EXPE) are plunging today, down more than 17% after the company reported weaker than expected earnings and received several downgrades. Wall Street analysts are concerned with the likes of Google Inc. (NASDAQ: GOOG) getting into the space with TripAdvisor. Deutsche Bank cut its rating on shares to Hold due to TripAdvisor. “We are moving to the sidelines given higher investment spend in both its core and media businesses and pressure on TripAdvisor by Google Places,” Deutsche Bank said.Benchmark Co. analyst Fred Moran downgraded the stock to Hold from Buy, and sharply cut his price target to $26, down from $36. “Expedia stands well positioned to capitalize on the global recovery in travel, but may be challenged to show meaningful growth during its investment phase,” Moran said.Yesterday after the close, Expedia reported earnings of 32 cents per share on revenues of $808.4 million. Wall Street was expecting earnings of 36 cents per share on revenues of $801.5 million. At last check, shares of Expedia were off $4.41 to $21.28, a loss of 17.17% on almost 32 million shares changing hands.
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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