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 Cheesecake Factory (NASDAQ:CAKE) rose 4.94% in after-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share fell 206.10% over the past year to ($0.87), which beat the estimate of ($1.09).
Revenue of $295,851,000 decreased by 50.91% year over year, which missed the estimate of $304,230,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
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Date: Jul 29, 2020
Time: 05:00 PM
Recent Stock Performance
52-week high: $45.24
52-week low: $14.52
Price action over last quarter: Up 38.25%
Company Description
Cheesecake Factory Inc owns and operates roughly 200 restaurants in the United States. Most stores operate under The Cheesecake Factory name, but the company also owns The Grand Lux Cafe and RockSugar Pan Asian Kitchen. Cheesecake Factory's small international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The Cheesecake Factory also has two bakery production facilities where it makes dozens of varieties of cheesecakes, which are distributed for sale at the company and licensees restaurants. The majority of company revenue comes from The Cheesecake Factory restaurants.
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.