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 Arcos Dorados Holdings (NYSE:ARCO) rose 5% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share fell 980.00% year over year to ($0.44), which missed the estimate of ($0.37).
Revenue of $292,524,000 decreased by 59.58% from the same period last year, which beat the estimate of $248,330,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
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Price Action
Company's 52-week high was at $8.41
Company's 52-week low was at $2.96
Price action over last quarter: Up 55.75%
Company Description
Arcos Dorados Holdings Inc operates McDonald's-branded restaurants in approximately 20 countries and territories in Latin America and the Caribbean. It functions through two sources which include company-operated restaurants and franchised restaurants segment. Their menu includes hamburgers, McNuggets, salad , sandwiches, french fries and others.
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.