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 Trex Co (NYSE:TREX) moved higher by 0.35% in after-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share decreased 43.06% year over year to $0.41, which beat the estimate of $0.37.
Revenue of $231,502,000 up by 18.99% from the same period last year, which beat the estimate of $221,650,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Q4 revenue expected between $210,000,000 and $220,000,000.
Details Of The Call
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Recent Stock Performance
Company's 52-week high was at $313.26
52-week low: $63.32
Price action over last quarter: Up 3.28%
Company Overview
Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders.
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.