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 CSX (NASDAQ:CSX) decreased 1.47% in after-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share fell 39.81% over the past year to $0.65, which beat the estimate of $0.64.
Revenue of $2,255,000,000 decreased by 26.33% year over year, which missed the estimate of $2,300,000,000.
Looking Ahead
CSX hasn't issued any earnings guidance for the time being.
CSX hasn't issued any revenue guidance for the time being.
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Date: Jul 22, 2020
Time: 04:30 PM
Technicals
52-week high: $80.62
52-week low: $46.81
Price action over last quarter: Up 17.44%
Company Overview
Operating in the eastern United States, Class 1 railroad CSX generated revenue of roughly $12 billion in 2019. On its approximate 21,000 miles of track, CSX hauls shipments of coal products (17% of consolidated revenue), chemicals (20%), intermodal containers (15%), automotive cargo (10%) and a diverse mix of other merchandise.
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.