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 Colfax (NYSE:CFX) were flat in pre-market trading after the company reported Q1 results.
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Quarterly Results
Earnings per share rose 15.79% over the past year to $0.44, which beat the estimate of $0.40.
Revenue of $879,211,000 up by 7.70% year over year, which beat the estimate of $841,230,000.
Outlook
The upcoming fiscal year's EPS expected to be between $2.05 and $2.15.
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Recent Stock Performance
52-week high: $50.26
52-week low: $22.30
Price action over last quarter: Up 4.87%
Company Overview
Colfax is a diversified technology firm that produces welding equipment and medical devices. Following the sale of its air and gas handling business in 2019, Colfax's remaining portfolio is organized into two segments: fabrication technology and medical technology. Fabrication technology is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications, mostly marketed under the ESAB brand name. The medical technology segment makes medical devices, including orthopedic braces, reconstructive implants, and other products used for rehabilitation, physical therapy, and pain management. The company generated roughly $3.1 billion in revenue in 2020.
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.