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 Advanced Drainage Systems (NYSE:WMS) fell 0.5% in pre-market trading after the company reported Q4 results.
Quarterly Results
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Earnings per share were unchanged 0.00% over the past year to $0.01, which were in line with the estimate of $0.01.
Revenue of $370,768,000 rose by 36.20% year over year, which beat the estimate of $356,400,000.
Guidance
Advanced Drainage Systems hasn't issued any earnings guidance for the time being.
Advanced Drainage Systems hasn't issued any revenue guidance for the time being.
Details Of The Call
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Date: May 21, 2020
Time: 10:00 AM
Recent Stock Performance
Company's 52-week high was at $51.60
Company's 52-week low was at $22.13
Price action over last quarter: down 8.30%
Company Description
Advanced Drainage Systems Inc. is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The Group operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States and International segment manufactures and markets products in Mexico, Central America and South America. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. Its revenue is generated from sale of the pipes which are used widely in non-residential, residential, agriculture, and infrastructure areas.
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.