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.
On Tuesday, October 20, Comerica (NYSE:CMA) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
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Comerica earnings will be near $0.83 per share on sales of $695.76 million, according to analysts. In the same quarter last year, Comerica reported earnings per share of $1.92 on sales of $842.00 million. If the company were to post earnings in line with the consensus estimate when it reports Tuesday, EPS would be down 56.77%. Revenue would be down 17.37% from the year-ago period. Comerica's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.21 | 0.95 | 1.74 | 1.90 |
| EPS Actual | 0.80 | -0.46 | 1.85 | 1.92 |
| Revenue Estimate | 697.97 M | 759.31 M | 806.51 M | 834.29 M |
| Revenue Actual | 718.00 M | 750.00 M | 810.00 M | 842.00 M |
Stock Performance
Shares of Comerica were trading at $41.68 as of October 16. Over the last 52-week period, shares are down 36.92%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Comerica is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/2j5ms3cd
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.