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 Estee Lauder Cos (NYSE:EL) fell 0.5% in pre-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share decreased 32.81% year over year to $0.86, which beat the estimate of $0.75.
Revenue of $3,345,000,000 lower by 10.66% year over year, which beat the estimate of $3,060,000,000.
Outlook
Estee Lauder Cos hasn't issued any earnings guidance for the time being.
Estee Lauder Cos hasn't issued any revenue guidance for the time being.
Details Of The Call
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Recent Stock Performance
Company's 52-week high was at $220.42
52-week low: $137.01
Price action over last quarter: down 15.58%
Company Description
Estee Lauder is the world leader in the global prestige beauty market, participating across skincare (45% of 2019 sales), makeup (39%), fragrance (12%), and haircare (4%) categories, with popular brands such as Estee Lauder, Clinique, MAC, La Mer, Jo Malone, Aveda, Bobbi Brown, Too Faced, and Origins. The firm operates in 150 countries, with 32% of revenue stemming from the Americas, 43% from Europe, the Middle East and Africa, and 25% from Asia-Pacific. The company sells its products through department stores, travel retail, multi-brand specialty beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
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.