27% profits every 20 days?
This is what Nic Chahine averages with his options 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 Erie Indemnity (NASDAQ:ERIE) were flat in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share increased 24.78% year over year to $1.41, which missed the estimate of $1.46.
Revenue of $630,177,000 up by 2.18% year over year, which beat the estimate of $627,290,000.
Looking Ahead
Erie Indemnity hasn't issued any earnings guidance for the time being.
Erie Indemnity hasn't issued any revenue guidance for the time being.
Recent Stock Performance
Company's 52-week high was at $266.77
Company's 52-week low was at $154.63
Price action over last quarter: down 8.99%
Company Overview
Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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