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.
Southwest Air Co (NYSE:LUV) 8-K filing shows warning "in recent days, the company has experienced a significant decline in customer demand, as well as an increase in trip cancellations" likely related to coronavirus concerns.
The company sees first-quarter operating sales to be negatively impacted by $200-$300 million, and cut RASM guidance from up 3.5-5.5% year-over-year to down 2% to up 1%.
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Southwest Air cut first-quarter operating costs per available seat mile ex fuel, oil expense guidance from up 6-8% year-over-year to 5-7%, citing less severe weather than expected during first quarter 2020 resulting in a higher completion factor.
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“While it is difficult for the Company to estimate the duration and severity of the impact from COVID-19, the company remains financially strong," the company said. "The company has a strong, investment-grade balance sheet with ample liquidity. As of March 3, 2020, the Company had approximately $5.3 billion in cash and short-term investments and a fully available unsecured revolving credit line of $1.0 billion.”
United Continental (NYSE:UAL) has also been impacted by the virus and is planning fewer flights in April as the ongoing coronavirus epidemic hits demand for travel.
Southwest Airlines shares were trading down 3% at $45.51 in Thursday’s pre-market session. The stock has a 52-week high of $58.83 and a 52-week low of $44.34.
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.