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 Illinois Tool Works (NYSE:ITW) were flat in pre-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share were down 10.29% over the past year to $1.83, which beat the estimate of $1.46.
Revenue of $3,307,000,000 decreased by 4.94% year over year, which beat the estimate of $2,970,000,000.
Outlook
Illinois Tool Works hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
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Date: Oct 23, 2020
Time: 10:00 AM
Recent Stock Performance
Company's 52-week high was at $207.75
Company's 52-week low was at $115.94
Price action over last quarter: Up 8.50%
Company Description
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
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.