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 Tech Data (NASDAQ:TECD) rose 2.8% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share increased 8.82% year over year to $2.22, which beat the estimate of $1.65.
Revenue of $8,175,000,000 declined by 2.75% year over year, which beat the estimate of $7,890,000,000.
Guidance
Tech Data hasn't issued any earnings guidance for the time being.
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Revenue guidance hasn't been issued by the company for now.
Technicals
52-week high: $151.47
52-week low: $80.20
Price action over last quarter: down 3.03%
Company Profile
Tech Data Corp is a wholesale distributor of technology products. It acts as an intermediary in the technology supply chain by bringing products from technology vendors to market and providing customers with logistics capabilities. The firm's customers include value-added resellers, direct marketers, retailers, and corporate resellers. Nearly half of its product mix is broadline products including notebooks, desktops, and printers; the rest includes data center, software, mobility, and consumer electronics products. More than half of the firm's revenue is generated in the Americas and the rest from Europe.
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.