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 First American Financial (NYSE:FAF) rose 1% after the company reported Q1 results.
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Quarterly Results
Earnings per share increased 43.24% year over year to $1.06, which beat the estimate of $1.00.
Revenue of $1,413,000,000 rose by 8.36% year over year, which missed the estimate of $1,450,000,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
First American Financial hasn't issued any revenue guidance for the time being.
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Details Of The Call
Date: Apr 23, 2020
Time: 10:02 AM ET
Technicals
52-week high: $66.78
52-week low: $29.36
Price action over last quarter: down 36.48%
Company Profile
First American Financial Corp provides title insurance, closing and/or escrow services, and related services in connection with residential and commercial real estate transactions worldwide. The company also has a specialty insurance segment that issues property and casualty insurance policies and sells home warranty products; and Title insurance and services segment issues title insurance policies on residential and commercial property in the United States. More than 75% of the company's total revenue comes from insurance premiums and escrow fees in the title insurance segment. More than 90% of the company's revenue is from United States operations. The company also operates in Canada, the United Kingdom, and Australia.
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.