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.
- Inari Medical Inc's (NASDAQ:NARI) Q2 revenue was $63.5 million, more than doubled from $25.4 million in Q2 FY20, beating the consensus of $59.6 million.
- The growth was driven by continued U.S. commercial expansion and new product introductions.
- Gross margin expanded from 86.3% to 92.4%, primarily due to the impact of an idle capacity charge in Q2 FY20 of 2020 of $1.1 million, combined with the current quarter product mix and manufacturing efficiencies.
- Operating expenses increased to $54.5 million, from $22.5 million, led by higher personnel-related costs.
- Inari posted Q2 EPS of $0.07, a shift from a $(0.16) loss, but below the estimate of $0.08.
- Cash, cash equivalents, and short-term investments were $176.1 million.
- The FDA cleared FlowSaver, enabling bloodless thrombectomy with the use of Triever Catheters.
- FY21 Guidance: Inari Medical has updated revenue guidance to $250 million - $255 million from the previous guidance of $240 million - $250 million.
- SVB Leerink maintained the Outperform rating on Inari Medical but lowered the price target to $110 from $126.
- Price Action: NARI shares closed down 15.53% at $71.10 on 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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