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 Avery Dennison (NYSE:AVY) were unchanged after the company reported Q2 results.
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Quarterly Results
Earnings per share were up 77.17% year over year to $2.25, which beat the estimate of $2.05.
Revenue of $2,102,000,000 higher by 37.48% year over year, which beat the estimate of $1,880,000,000.
Guidance
The upcoming fiscal year's EPS expected to be between $8.65 and $8.95.
Details Of The Call
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Technicals
52-week high: $226.19
52-week low: $111.80
Price action over last quarter: down 4.51%
Company Description
Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.
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.