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 Cemex (NYSE:CX) were unchanged after the company reported Q4 results.
Quarterly Results
Earnings per share rose 160.00% over the past year to $0.06, which beat the estimate of $0.04.
Revenue of $3,537,000,000 higher by 8.53% from the same period last year, which beat the estimate of $3,250,000,000.
Guidance
Cemex hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Feb 11, 2021
Time: 10:00 AM
Price Action
Company's 52-week high was at $6.73
52-week low: $1.55
Price action over last quarter: Up 60.30%
Company Description
Cemex is the largest ready-mix concrete company and one of the largest aggregates companies in the world. In 2019, the company sold roughly 63 million tons of cement, 50 million cubic meters of ready-mix, and 135 million tons of aggregates. As of Dec. 31, 2019, the company had annual cement production capacity of roughly 105 million tons. The company generates roughly 24% of sales in Europe, 23% in Mexico, 30% in the United States, 13% in South America and the Caribbean, and 11% in Asia, Middle East, and Africa.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!