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.
Shares of Northern Technologies (NASDAQ:NTIC) rose over 4% after the company reported Q2 results.
Quarterly Results
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Earnings per share decreased 93.33% year over year to $0.02, which missed the estimate of $0.10.
Revenue of $13,234,000 lower by 0.61% year over year, which beat the estimate of $13,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Northern Technologies hasn't issued any revenue guidance for the time being.
Details Of The Call
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Technicals
52-week high: $27.55
Company's 52-week low was at $4.70
Price action over last quarter: down 52.88%
Company Overview
Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services worldwide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST and Nature-Tec. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Natur-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.
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.