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 Wolverine World Wide (NYSE:WWW) were unchanged after the company reported Q2 results.
Quarterly Results
Earnings per share rose 737.50% year over year to $0.67, which beat the estimate of $0.48.
Revenue of $631,900,000 higher by 81.01% from the same period last year, which beat the estimate of $567,260,000.
Guidance
Wolverine World Wide raised FY21 sales guidance from $2.24 billion-$2.3 billion to $2.34 billion-$2.4 billion.
The company also raised FY21 EPS guidance from 1.95-$2.10 to $2.20-$2.30.
How To Listen To The Conference Call
Date: Jul 29, 2021
Time: 08:30 AM
ET Webcast URL: http://public.viavid.com/player/index.php?id=145271
Technicals
52-week high: $44.74
52-week low: $22.57
Price action over last quarter: down 11.37%
Company Profile
Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. The company's portfolio of brands is organized into the two operating segments of, Wolverine Michigan Group, which is the key revenue-generating segment, consisting of Merrell footwear and apparel, Cat footwear, Wolverine footwear and apparel, Chaco footwear, Hush Puppies footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and Hytest safety footwear; and Wolverine Boston Group, consisting of Sperry footwear, Saucony footwear and apparel, Keds footwear and the Kids' footwear business. It derives prime revenue from 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!