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 BorgWarner (NYSE:BWA) rose 0.6% in pre-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share rose 0.85% year over year to $1.18, which beat the estimate of $0.93.
Revenue of $3,926,000,000 higher by 53.42% from the same period last year, which beat the estimate of $3,640,000,000.
Outlook
The upcoming fiscal year's EPS expected to be between $3.85 and $4.25.
The upcoming fiscal year's revenue expected to be between $14,700,000,000 and $15,300,000,000.
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Technicals
52-week high: $46.48
Company's 52-week low was at $17.00
Price action over last quarter: Up 25.79%
Company Profile
BorgWarner is a Tier I auto-parts supplier that has two operating segments. The engine group makes turbochargers, emissions system components, timing chains, and other items that enhance fuel efficiency and reduce emissions. Drivetrain group produces rotating electrical components, power electronics, control modules, transmission components, and four-wheel-drive/all-wheel-drive system components that facilitate the distribution of engine torque to the wheels. The acquisition of Delphi adds fuel-injection as well as inverter/converter and electronic control modules for electrified powertrain.
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.