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.
Costco Wholesale (NASDAQ:COST) reported second-quarter earnings of $2.10 per share Thursday, beating the analyst consensus estimate of $2.07.
The company reported quarterly sales of $38.26 billion, beat the analyst consensus estimate of $38.22.
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This is an 8.09% increase over sales of $35.396 billion the same period last year.
February sales benefited from an uptick in consumer demand in the fourth week of the reporting period, according to Costco. The retailer attributes this to concerns over the new coronavirus and estimates the positive impact on total and comparable sales to be approximately 3%.
Costco posted net sales of $11.57 billion for the retail month of January, representing an 8% year-over-year increase.
Costco shares were trading up 0.11% at $316.10 at the time of publication in Thursday's after-hours session. The stock has a 52-week high of $325.26 and a 52-week low of $216.22.
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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.