February 28, 2012 9:06 AM | 1 min read |
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.
Sonic Automotive Inc (NYSE: SAH) posted a better-than-expected fourth-quarter profit. Sonic's quarterly net income dropped to $20.54 million, or $0.35 per share, from $64.35 million, or $1.00 per share, in the year-ago quarter. Excluding one-time items, the company earned $0.43 per share, beating analysts' estimates.Sonic's revenue climbed 12% to $2.07 billion, versus analysts' estimates of $2.06 billion.For 2012, Sonic projects US new vehicle industry sales of around 13.5 million vehicles. It projects 2012 earnings from continuing operations in the range of $1.55 to $1.65 per share, versus analysts' estimates of $1.57 per share.Sonic's shares closed at $16.71 yesterday.
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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