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.
E*Trade Financial (NASDAQ:ETFC) unveils its next round of earnings this Thursday, July 18. Get prepared with Benzinga's ultimate preview for E*Trade's Q2 earnings.
Earnings and Revenue
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Analysts covering E*Trade modeled for quarterly EPS of $1.09 on revenue of $751.24 million.
In the same quarter last year, E*Trade posted EPS of 95 cents on sales of $710 million. Revenue would be have grown 5.81% from the same quarter last year. E*Trade Financial's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 0.92 | 1.03 | 0.81 | 0.88 |
| EPS Actual | 1.060 | 1.03 | 0.88 | 0.95 |
Stock Performance
Shares of E*Trade were trading at $46.4 as of July 17. Over the last 52-week period, shares are down 22.55%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with E*Trade. The strength of this rating has maintained conviction over the past three months.
Conference Call
E*Trade is scheduled to hold a conference call at 5:00 p.m. ET and can be accessed here: https://cc.callinfo.com/registration/#/?meeting=1ec03azkshhsb&campaign=1g03xdza4t77a
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.