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 Franklin Electric (NASDAQ:FELE) were unchanged at $50.84 after the company reported Q1 results.
Quarterly Results
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Earnings per share were up 14.29% over the past year to $0.24, which beat the estimate of $0.19.
Revenue of $266,754,000 lower by 8.24% year over year, which missed the estimate of $281,900,000.
Outlook
Franklin Electric hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
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Price Action
Company's 52-week high was at $61.49
52-week low: $41.25
Price action over last quarter: down 14.25%
Company Profile
Franklin Electric Co Inc is a U.S.-based company that primarily operates through three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment, which accounts for most of the company's sales, designs, manufactures, and markets water and fuel pumping systems. These solutions are directed mainly at the housing, agriculture, and other industrial sectors. The Fueling Systems segment produces fuel pumping systems, fuel containment systems, and monitoring and control systems for underground gasoline, diesel, and biofuel systems. The Distribution segment serves as a group of wholly owned groundwater distributors under the name Headwater Companies. The company generates roughly half of its revenue from the U.S. market.
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.