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 Descartes Systems Gr (NASDAQ:DSGX) moved higher by 0.81% after the company reported Q2 results.
Quarterly Results
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Earnings per share increased 20.00% year over year to $0.12, which were in line with the estimate of $0.12.
Revenue of $84,045,000 rose by 4.35% from the same period last year, which beat the estimate of $81,410,000.
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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Recent Stock Performance
52-week high: $63.11
Company's 52-week low was at $24.35
Price action over last quarter: Up 28.51%
Company Overview
The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.
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.