27% profits every 20 days?
This is what Nic Chahine averages with his options 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 O'Reilly Automotive (NASDAQ:ORLY) moved higher by 6.85% in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 57.43% over the past year to $7.10, which beat the estimate of $3.91.
Revenue of $3,092,000,000 rose by 19.38% from the same period last year, which beat the estimate of $2,540,000,000.
Outlook
O'Reilly Automotive hasn't issued any earnings guidance for the time being.
O'Reilly Automotive hasn't issued any revenue guidance for the time being.
Price Action
52-week high: $463.02
52-week low: $251.51
Price action over last quarter: Up 28.16%
Company Overview
O'Reilly is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (44% and 56% of 2019 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,439 stores as of the end of 2019, spread across 47 U.S. states and including 21 stores in Mexico. The firm serves professional and DIY customers through its store network, and also boasts approximately 825 sales personnel targeting commercial buyers.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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