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.
- Abercrombie & Fitch Co (NYSE:ANF) reported second-quarter FY21 sales growth of 24% year-on-year and 3% from Q2 FY19, to $864.85 million, missing the analyst consensus of $869.32 million.
- Hollister brand sales increased 20% Y/Y, and that of Abercrombie rose 30%.
- Sales in the U.S. climbed 31% Y/Y, and EMEA rose 11%.
- Digital sales constituted 44% of total sales. Digital sales fell 3% Y/Y and increased 52% from Q2 FY19.
- In light of store closures related to COVID-19, the company has not disclosed comparable sales for FY21.
- Gross profit rose 33% Y/Y to $563.5 million. The gross margin was 65.2%, expanded by 450 basis points Y/Y and 590 basis points versus Q2 2019.
- The operating margin was 13.3%, expanded 1130 basis points from last year.
- The company held $0.9 billion in cash and equivalents as of July 31, 2021.
- Inventories of $416 million declined 8% Y/Y.
- Net cash provided by operating activities for the six months totaled $50 million.
- Adjusted EPS of $1.70 beat the analyst consensus of $0.72.
- Price Action: ANF shares are trading lower by 11.65% at $35.19 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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