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.
- BJ's Wholesale Club Holdings Inc (NYSE:BJ) reported second-quarter FY21 total revenue growth of 5.6% year-on-year, to $4.18 billion, beating the analyst consensus of $3.77 billion.
- Comparable sales increased by 4.0%, reflecting two-year stacked comp of 21.2%.
- Comparable club sales, excluding gasoline sales, decreased by 3.4%, reflecting two-year stacked comp of 20.8%.
- Gross profit rose 0.9% Y/Y to $763.5 million with a margin of 18.3%.
- The operating margin was 3.9%, and operating income for the quarter was nearly flat at $163.78 million.
- BJ's Wholesale Club held $42.4 million in cash and equivalents as of July 31, 2021.
- Cash provided by operating activities for the six months totaled $559 million.
- Adjusted EBITDA of $220.14 million increased 1.5% Y/Y.
- Adjusted EPS of $0.82 beat the analyst consensus of $0.63.
- "We drove outstanding membership results, expanded our market share, and continued to benefit from elevated consumer spending trends," said CEO Bob Eddy.
- BJ's Wholesale Club continues to refrain from offering formal guidance, citing uncertainty associated with the evolution of the pandemic.
- Price Action: BJ shares traded higher by 3.95% at $53.98 on the last check Thursday.
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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