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 LKQ (NASDAQ:LKQ) rose 1.7% in pre-market trading after the company reported Q4 results.
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Quarterly Results
Earnings per share increased 27.78% over the past year to $0.69, which beat the estimate of $0.59.
Revenue of $2,954,000,000 declined by 1.86% year over year, which beat the estimate of $2,900,000,000.
Looking Ahead
The upcoming fiscal year's EPS expected to be between $2.65 and $2.85.
Details Of The Call
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Date: Feb 18, 2021
Time: 08:00 AM
Price Action
Company's 52-week high was at $40.04
52-week low: $13.31
Price action over last quarter: Up 16.97%
Company Profile
LKQ is a leading global distributor of non-OEM automotive parts. Initially formed in 1998 as a consolidator of auto salvage operations in the United States, it has since greatly expanded its scope to include distribution of new mechanical and collision parts, specialty auto equipment, and remanufactured and recycled parts in both Europe and North America. It still maintains its auto salvage business and owns over 75 LKQ pick- your-part junkyards. Separate from the self-service business, LKQ purchases over 300,000 salvage automobiles annually that are used to extract parts for resale. Globally, LKQ maintains approximately 1,700 facilities.
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.