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 Movado Group (NYSE:MOV) decreased 1.9% in pre-market trading after the company reported Q1 results.
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Quarterly Results
Earnings per share were up 176.79% year over year to $0.43, which may not compare to the estimate of ($0.08).
Revenue of $134,798,000 up by 93.49% from the same period last year, which beat the estimate of $111,000,000.
Outlook
The upcoming fiscal year's revenue expected to be between $650,000,000 and $665,000,000.
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Price Action
52-week high: $32.74
Company's 52-week low was at $9.39
Price action over last quarter: Up 6.33%
Company Description
Movado Group Inc designs develop, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. The company generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives majority revenue from the International location.
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.