Southwest Airlines (NYSE:LUV) shares are trading lower on Thursday after the company reported worse-than-expected second-quarter EPS and guided August operating sales down 70%-80%.
The company has warned that travel demand will be weak until a coronavirus vaccine is made.
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.
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Southwest Airlines is the largest domestic carrier in the U.S, as measured by the number of originating passengers boarded. Southwest operates over 700 aircraft in an all-Boeing fleet.
Despite expanding into longer routes, the airline still specializes in short-haul flights, using a point-to-point network. The firm employs almost 61,000 workers and generated over $22 billion in revenue during 2019.
Southwest Airlines shares were trading down 2% at $32.61 on Thursday at the time of publication. The stock has a 52-week high of $58.83 and a 52-week low of $22.46.
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.