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.
On Tuesday, July 30, Sirius XM Holdings (NASDAQ:SIRI) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
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Wall Street expects EPS of 5 cents and sales around $1.94 billion.
Analysts estimate would represent a 16.67% decrease in the company's earnings. Sales would be up 35.47% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 0.050 | 0.06 | 0.06 | 0.06 |
| EPS Actual | 0.050 | 0.06 | 0.07 | 0.06 |
Stock Performance
Over the last 52-week period, shares are down 13.61%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on Sirius XM Holdings stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Sirius XM Holdings is scheduled to hold a conference call at 8:00 a.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/f2iovyvs
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.