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.
JPMorgan is impressed with Nutanix Inc (NASDAQ: NTNX), which released its first quarterly earnings as a public company, with results beating expectations across all metrics and second-quarter guidance also topping consensus.
Quarter In Review
Among the key metrics, calculated billings came in $30 million ahead of consensus, driven by “record level” performance in the Federal Sector, with bookings growth of 78 percent.
Nutanix noted that its OEM relationships also outperformed expectations, with the Dell partnership influencing a number of large deals in the quarter.
“We are very encouraged by the results and we expect Nutanix to continue to upend the IT infrastructure playbook, however, we think the risk/reward is fairly balanced for now at current price levels,” analyst Mark Murphy wrote in a note.
As such, Murphy maintains his Neutral rating, but raised the price target by $2 to $35.
Despite strong results, shares of Nutanix were trading lower. At last check, they were down 5.37 percent at $32.26.
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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