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 Genesis Energy (NYSE:GEL) fell 9% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share fell 335.29% year over year to ($0.40), which missed the estimate of ($0.06).
Revenue of $388,467,000 declined by 38.80% from the same period last year, which missed the estimate of $484,490,000.
Looking Ahead
Genesis Energy hasn't issued any earnings guidance for the time being.
Genesis Energy hasn't issued any revenue guidance for the time being.
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Date: Aug 05, 2020
Time: 09:30 AM
ET Webcast URL: https://engage.vevent.com/index.jsp?eid=4746&seid=142
Price Action
52-week high: $23.65
Company's 52-week low was at $2.58
Price action over last quarter: Up 11.06%
Company Overview
Genesis Energy LP is a US-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The reportable segments of the company are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation.
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.