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.
- IT Tech Packaging Inc (NYSE:ITP) reported second-quarter FY21 revenue growth of 76.5% year-on-year, to $46.53 million.
- Regular corrugating medium paper (CMP) revenue rose 74.1% Y/Y, Light-weight CMP increased 45.7%, offset printing paper gained 469.2%.
- The revenue increase was primarily driven by the higher sales volume of CMP and offset printing paper and the increase in Average Selling Prices of CMP and tissue paper products.
- Gross profit grew 18.4% Y/Y to 3.03 million with a profit margin contracting 320 basis points to 6.5%.
- The operating margin was 0.9%, and operating income for the quarter was $0.43 million.
- EBITDA of $9.03 million increased 210.9% Y/Y.
- Loss per share was $(0.01), versus $(0.04) last year.
- "We continued to making improvements in the sales volume of CMP and offset printing paper products for this quarter," said CEO Zhenyong Liu.
- Price action: ITP shares closed higher by 6.35% at $0.4507 on Tuesday.
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.
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