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 Chipotle Mexican Grill (NYSE:CMG) fell 6.6% in after-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share were down 1.57% over the past year to $3.76, which beat the estimate of $3.40.
Revenue of $1,601,000,000 up by 14.03% from the same period last year, which beat the estimate of $1,590,000,000.
Guidance
Chipotle Mexican Grill hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
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Date: Oct 21, 2020
Time: 04:30 PM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1894/36947
Price Action
52-week high: $1384.46
52-week low: $415.00
Price action over last quarter: Up 20.60%
Company Profile
With $5.6 billion in systemwide sales during 2019, Chipotle Mexican Grill is the largest player in the $16 billion domestic fast-casual Mexican restaurant category. Its menu includes burritos, bowls, tacos, and salads, which are made from higher-quality ingredients than those typically found at quick-service restaurants. As of June, the firm operated almost 2,700 company-owned restaurants in the United States, Canada, the United Kingdom, France, and Germany.
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.