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.
- Advanced Energy Industries Inc (NASDAQ:AEIS) reported second-quarter FY21 sales growth of 6.3% year-on-year to $361.3 million, missing the analyst consensus of $362.14 million.
- Revenues from Semiconductor Equipment grew 21.5% Y/Y to $176.7 million, Industrial and Medical increased 17.4% Y/Y to $83.2 million,
- Data Center Computing declined 16.6% Y/Y to $69.5 million, and Telecom and Networking decreased 20.5% Y/Y to $31.99 million.
- The non-GAAP gross margin contracted 70 bps to 38%, and the non-GAAP operating margin contracted 70 bps to 15.1%.
- Non-GAAP EPS of $1.25 missed the analyst consensus of $1.27.
- Advanced Energy generated $33.8 million in operating cash flow, repurchased stock worth $6.5 million, and paid $3.9 million in dividends.
- On Jul. 29, the board increased the company's stock repurchase authorization to $200 million.
- Although the near-term supply chain and operating environment remain challenging, demand continues to strengthen across all its markets, and it has solid visibility into 2022, CEO Steve Kelley stated.
- Outlook: Advanced Energy sees Q3 revenue of $325 million - $355 million below the analyst consensus of $377.84 million.
- It sees non-GAAP EPS between $0.60-$1.00 below the analyst consensus of $1.40.
- Price action: AEIS shares traded lower by 11.4% at $91.14 on the last check Wednesday.
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.
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