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 Penn Virginia (NASDAQ:PVAC) increased in after-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share decreased 44.44% year over year to $1.05, which beat the estimate of $0.84.
Revenue of $124,699,000 up by 36.46% from the same period last year, which beat the estimate of $104,800,000.
Looking Ahead
Penn Virginia hasn't issued any earnings guidance for the time being.
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Penn Virginia hasn't issued any revenue guidance for the time being.
Technicals
Company's 52-week high was at $26.17
Company's 52-week low was at $6.36
Price action over last quarter: Up 13.32%
Company Overview
Penn Virginia Corp is an independent oil and gas company. The company is engaged in the onshore exploration, development, and production of crude oil, NGLs, and natural gas. Penn operates in one segment. Its operations consist primarily of drilling unconventional horizontal development wells and operating its producing wells in the Eagle Ford Shale field or the Eagle Ford, in South Texas. Penn also has operations in Oklahoma, primarily in the Granite Wash. Its primary oil and gas assets are in Gonzales and Lavaca Counties in South Texas.
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.