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 Abbott Laboratories (NYSE:ABT) rise 1.7% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share were down 30.49% over the past year to $0.57, which beat the estimate of $0.41.
Revenue of $7,328,000,000 decreased by 8.16% year over year, which beat the estimate of $6,750,000,000.
Looking Ahead
For 2020, the company expects adjusted earnings of "at least" $3.25 per share.
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Price Action
52-week high: $100.00
Company's 52-week low was at $61.61
Price action over last quarter: down 0.04%
Company Profile
Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.
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.