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 Smith & Wesson Brands (NASDAQ:SWBI) increased 3.1% after the company reported Q2 results.
Quarterly Results
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Earnings per share rose 933.33% over the past year to $0.93, which beat the estimate of $0.63.
Revenue of $248,729,000 up by 61.11% year over year, which beat the estimate of $222,990,000.
Looking Ahead
Smith & Wesson Brands hasn't issued any earnings guidance for the time being.
Smith & Wesson Brands hasn't issued any revenue guidance for the time being.
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Price Action
Company's 52-week high was at $27.79
52-week low: $12.87
Price action over last quarter: down 16.49%
Company Description
Smith & Wesson Brands Inc is a U.S.-based leader in firearm manufacturing. It operates under one reportable segment: Firearms, which includes firearms distributions and manufacturing services. The company manufactures handguns, long guns, sporting rifles, shooting gear, and suppressor products. The firm's brand portfolio consists of Smith and Wesson, M&P, Thompson/Center Arms, Performance Center, and Gemtech; which are used for defense, law enforcement, hunting, and sporting purposes. The company operates internationally, with the majority of income generated by the U.S. market from its handgun products.
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.