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 AutoZone (NYSE:AZO) moved higher by 3.4% in pre-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share rose 47.64% year over year to $30.93, which beat the estimate of $24.79.
Revenue of $4,546,000,000 rose by 21.23% from the same period last year, which beat the estimate of $4,150,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
AutoZone hasn't issued any revenue guidance for the time being.
Conference Call Details
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Date: Sep 22, 2020
Time: 10:00 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/820/36752
Price Action
52-week high: $1274.41
Company's 52-week low was at $684.91
Price action over last quarter: Up 2.35%
Company Profile
AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, just over 20% in fiscal 2019, and has a growing presence in Mexico and Brazil. AutoZone had 6,411 stores in the U.S. (5,772), Mexico (604), and Brazil (35) as of the end of fiscal 2019.
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.