Brocade Jumps 5% on Q1 Results

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.

Shares of Brocade Communications (NASDAQ: BRCD) are trading roughly 5% higher in Thursday's after hours trading session after the company reported better than expected Q1 earnings results. On an earnings per share basis, BRCD reported income of $0.20, which compares to analysts' consensus EPS estimates of $0.13. Revenues for the quarter were $561.00 million versus Wall Street consensus estimates of $542.36 million. In the after hours trading session, BRCD shares have added 5.27% to $5.79.

27% profit every 20 days?

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