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 Ross Stores (NASDAQ:ROST) rose 2.54% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share fell 0.97% over the past year to $1.02, which beat the estimate of $0.61.
Revenue of $3,755,000,000 declined by 2.44% year over year, which beat the estimate of $3,430,000,000.
Guidance
Ross Stores hasn't issued any earnings guidance for the time being.
Ross Stores hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Nov 19, 2020
Time: 04:15 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/48ikirj5
Technicals
Company's 52-week high was at $124.16
52-week low: $56.30
Price action over last quarter: Up 26.35%
Company Profile
Ross Stores is a leading American off-price apparel and home fashion retailer, operating over 1,800 stores (at the end of fiscal 2019) across the Ross Dress for Less and dd's Discounts banners. Ross offers a variety of name-brand products and targets undercutting conventional retailers' regular prices by 20%-70%. The company uses an opportunistic, flexible merchandising approach; together with a relatively low-frills shopping environment centered on a treasure-hunt experience, Ross maximizes inventory turnover and traffic, enabling its low-price approach. In fiscal 2019, 26% of sales came from the ladies' department, 25% from home accents (including bed and bath), 14% from men's, 13% from each of accessories and shoes, and 9% from children's. All sales were made in the United States.
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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