27% profits every 20 days?
This is what Nic Chahine averages with his options 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 Rush Enterprises (NASDAQ:RUSHA) were flat in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share decreased 14.29% over the past year to $0.60, which beat the estimate of $0.32.
Revenue of $1,179,000,000 declined by 26.27% from the same period last year, which beat the estimate of $1,080,000,000.
Looking Ahead
Rush Enterprises hasn't issued any earnings guidance for the time being.
Rush Enterprises hasn't issued any revenue guidance for the time being.
Recent Stock Performance
52-week high: $86.62
52-week low: $35.08
Price action over last quarter: Up 10.89%
Company Profile
Rush Enterprises is the only publicly traded, standalone commercial truck dealer in North America. With 120 locations, it sells 5.6% of new class 8 trucks as the largest truck dealer on the continent. Vehicle sales include class 4-8 new trucks as well as range of used commercial vehicles. Aftermarket parts and service are key drivers of profitability as they generate approximately 30% of revenue and 65% of gross profit. Rush's class 8 customers include large fleets (32%), mid-size fleets (16%), vocational customers (40%), and owner-operators (12%). In 2019, Rush generated $5.8 billion in revenue.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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