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.
Kraft Heinz (NASDAQ:KHC) reported adjusted fourth-quarter earnings of 72 cents per share on Thursday, which beat the analyst consensus estimate of 68 cents by 5.88%. This is a 14.29% decrease over earnings of 84 cents per share from the same period last year.
The company reported quarterly sales of $6.536 billion, which missed the analyst consensus estimate of $6.61 billion by 1.12%. This is a 5.15% decrease over sales of $6.891 billion the same period last year.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
"While our 2019 results were disappointing, we closed the year with performance consistent with our expectations, and driven by factors we anticipated," said Kraft Heinz CEO Miguel Patricio in a statement. "We have taken critical actions over the past six months to re-establish visibility and control over the business."
Kraft Heinz shares were trading down 1.13% at $29.70 in Thursday’s pre-market session. The stock has a 52-week range between $48.66 and $24.86.
Related Links:
Kraft Heinz Shares Lower Following Large Sale By 3G
New Kraft Heinz CEO Makes $20M Investment
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.