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 United States Steel (NYSE:X) moved higher in after-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share were up 57.81% over the past year to ($0.27), which beat the estimate of ($0.68).
Revenue of $2,562,000,000 decreased by 9.28% from the same period last year, which missed the estimate of $2,580,000,000.
Outlook
United States Steel hasn't issued any earnings guidance for the time being.
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Revenue guidance hasn't been issued by the company for now.
Technicals
52-week high: $24.71
52-week low: $4.54
Price action over last quarter: Up 96.69%
Company Description
U.S. Steel operates primarily in the United States but also has steelmaking capacity in Slovakia. The company produces flat-rolled and tubular products for a wide variety of end markets and applications. U.S. Steel also operates iron ore mining sites and engages in rail and barge transport services.
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.