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.
Recode: 'Pandora's Days Seem Numbered'
Recode's Peter Kafka interpreted the Bloomberg report as a sign that "Pandora's days seem numbered," as the company has been "treading water" at a time when its competitors are booming.
Kafka added that Pandora's management is also attempting to make the case why it shouldn't sell itself to a competitor or a strategic buyer such as Sirius XM Holdings Inc. (NASDAQ:SIRI). The problem is the music industry isn't happy about that prospect.
Kafka explained that Pandora was once the company that "music guys loved to hate" because Pandora saw success by taking advantage of copyright rules and didn't negotiate with the music labels. But today, Pandora changed its business structure and has licenses with the major music studios so the music industry wants to see Pandora stay afloat.
Specifically, the music industry wants to see more subscription services competing against each other.
"They want you to think that on-demand music, whenever you want, wherever you want it, is something you pay $10 a month for," Kafka emphasized. "Not just something you get for free with an internet connection."
Related Links:Pacific Crest On Pandora: Betting On A Bailout Is A Speculative StrategyFor Music Lovers Who Download Rather Than Stream, iTunes Still Reigns Supreme27% 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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