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 Freeport-McMoRan (NYSE:FCX) rose 0.9% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share rose 175.00% year over year to $0.03, which beat the estimate of ($0.02).
Revenue of $3,054,000,000 decreased by 13.87% year over year, which missed the estimate of $3,130,000,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Freeport-McMoRan hasn't issued any revenue guidance for the time being.
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Date: Jul 23, 2020
Time: 10:00 AM
Recent Stock Performance
Company's 52-week high was at $13.87
Company's 52-week low was at $4.82
Price action over last quarter: Up 55.37%
Company Profile
Freeport-McMoRan Inc mines more copper than any other publicly traded company in the world. Its assets include the Indonesian Grasberg mining complex, the world's largest copper and gold mine in terms of recoverable reserves. Freeport also has significant mining operations in the Americas.
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.