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 Advance Auto Parts (NYSE:AAP) decreased 0.0% in pre-market trading after the company reported Q3 results.
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Quarterly Results
Earnings per share rose 33.81% year over year to $2.81, which beat the estimate of $2.66.
Revenue of $2,542,000,000 rose by 9.95% year over year, which beat the estimate of $2,480,000,000.
Outlook
Advance Auto Parts hasn't issued any earnings guidance for the time being.
Advance Auto Parts hasn't issued any revenue guidance for the time being.
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Conference Call Details
Date: Nov 10, 2020
Time: 08:00 AM
ET Webcast URL: https://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/default.aspx
Technicals
Company's 52-week high was at $171.43
52-week low: $71.33
Price action over last quarter: down 2.52%
Company Overview
Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in North America. Advance operated 5,037 stores as of the end of 2019, in addition to servicing 1,253 independently owned Carquest stores. The company's Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 60% of its 2019 sales from commercial clients, up from 30%-40% before the General Parts deal.
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.