May 5, 2011 9:47 AM | 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.
Wright Express Corp (NYSE: WXS) reported 1Q11 EPS of $0.75 vs. Goldman Sachs/consensus $0.66/ $0.69. Revenue was $120 mn, vs. Goldman/consensus $114 mn/$117mn. Management upped revenue guidance to $533-553mn and EPS guidance to $3.40-3.60.The solid print was driven by solid growth in fuel and payment processing transactions, as well as solid corporate charge card purchase volume. High fuel prices provided a tailwind, as the domestic retail fuel price of $3.38/gallon was well ahead of expectations, though Goldman remains cautious given the fine line between favorable fuel price impacts and demand destruction. Overall, Goldman believes the print further demonstrates WXS' strong model and positioning in the still- underpenetrated fleet segment, and are encouraged by a continued positive tone and increased full-year guidance this early in the year. Goldman's estimates/expectations heading into the quarter were relatively high given the fuel price tailwind, and it believes the shares are fully valued at current levels.Goldman Sachs has a $57 PT and Neutral rating on WXSWXS is trading lower at $54.70
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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