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 Methode Electronics (NYSE:MEI) were unchanged after the company reported Q4 results.
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Quarterly Results
Earnings per share rose 2.53% year over year to $0.81, which beat the estimate of $0.70.
Revenue of $301,000,000 higher by 42.92% year over year, which beat the estimate of $280,050,000.
Guidance
Methode Electronics hasn't issued any earnings guidance for the time being.
Methode Electronics hasn't issued any revenue guidance for the time being.
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Conference Call Details
Date: Jun 24, 2021
Time: 11:00 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2152/41401
Recent Stock Performance
Company's 52-week high was at $49.66
52-week low: $23.97
Price action over last quarter: Up 11.77%
Company Overview
Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized in various business segments: Automotive, Industrial, interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables and custom power-product assemblies. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions. The Medical segment is made up of the Company's medical device business, Dabir Surfaces, its surface support technology aimed at pressure injury prevention.
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.