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 Vera Bradley (NASDAQ:VRA) moved higher by 20% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share were up 28.00% over the past year to $0.32, which beat the estimate of ($0.07).
Revenue of $131,770,000 up by 10.01% year over year, which beat the estimate of $100,480,000.
Guidance
Vera Bradley hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
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Technicals
52-week high: $12.75
52-week low: $3.12
Price action over last quarter: Up 2.99%
Company Overview
Vera Bradley Inc designs women's handbags, travel items, and accessories. Each category comprises a substantial component of total sales, with the bags category comprising the most. Most of the company's sales are made directly to customers through Vera Bradley's retail stores and e-commerce sites. The company also has a substantial wholesale business selling to specialty retail and department stores. Almost all company sales are in the United States. Vera Bradley uses third-party manufacturers in Asia to produce its product, and the company distributes the product through its distribution center in Indiana.
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.