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 General Dynamics (NYSE:GD) rose 0.1% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share fell 21.30% year over year to $2.18, which beat the estimate of $2.15.
Revenue of $9,264,000,000 declined by 3.05% from the same period last year, which beat the estimate of $8,950,000,000.
Guidance
General Dynamics hasn't issued any earnings guidance for the time being.
General Dynamics hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Jul 29, 2020
Time: 09:00 AM
Recent Stock Performance
Company's 52-week high was at $193.76
52-week low: $100.55
Price action over last quarter: Up 13.74%
Company Overview
General Dynamics is a long-cycle defense contractor and business jet manufacturer. The firm's segments include aerospace, combat systems, marine, information technology, and mission systems. The company's aerospace segment creates Gulfstream business jets. Combat systems mostly produces land-based combat vehicles, such as the M1 Abrams tank. The marine subsegment creates nuclear-powered submarines, among other things. The information technology business primarily serves the government market. The mission systems segment focuses on products that provide command, control, computers, intelligence, surveillance, and reconnaissance capabilities to the military.
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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