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 Waddell & Reed Financial (NYSE:WDR) fell 3.5% after the company reported Q2 results.
Quarterly Results
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Earnings per share decreased 15.56% year over year to $0.38, which beat the estimate of $0.32.
Revenue of $240,034,000 decreased by 11.15% from the same period last year, which missed the estimate of $242,880,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Waddell & Reed Financial hasn't issued any revenue guidance for the time being.
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Recent Stock Performance
Company's 52-week high was at $18.33
52-week low: $9.87
Price action over last quarter: Up 5.33%
Company Description
Waddell & Reed is a midsize asset manager that had $56.0 billion in assets under management at the end of March 2020. The firm provides investment services for individual and institutional investors. Retail distribution, which accounts for 96% of managed assets, is handled through the company's own registered investment advisors (58% of AUM) and third-party broker/dealers and advisors (38%) in the wholesale channel. Equity-driven strategies account for an estimated 73% of total AUM, with fixed-income (24%) and money market (3%) offerings accounting for the remainder. The company has no discernible reach 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.