March 7, 2012 10:19 AM | 1 min read |
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 Canadian Solar (NASDAQ: CSIQ) are seeing much pressure today after the company announced fourth quarter results which did not live up to analysts' expectations.Canadian Solar swung to a Q4 loss. The company posted a quarterly loss of $59.9 million, or $1.39 per share, versus a year-ago profit of $25.5 million, or $0.58 per share. Its revenue rose 4.7% to $474.1 million. However, analysts were expecting a loss of $0.36 per share on revenue of $485 million.For the first quarter of 2012, shipments are expected to be in the range of approximately 340 MW to 350 MW, with gross margin expected to be between 5% and 8%. Despite the challenging global financing environment, which continues to result in customer demand uncertainty for the whole year 2012, the Company expects to ship approximately 1,800 MW to 2,000 MW of solar products. Canadian Solar states they will continue to explore ways to increase manufacturing efficiency and yield and to lower processing and consumable costs where opportunities exist.Currently, shares of Canadian Solar are trading about 11.5% lower at $2.90 per share.
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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