SMIC Raises Q1 Revenue, Margin Outlook

by Benzinga Staff
April 10, 2012 4:55 AM | 20 seconds 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.

Semiconductor Manufacturing International Corp (NYSE: SMI) lifted its forecast for Q1 revenue growth and gross margin. SMIC now expects Q1 revenue growing 14% to 15% versus the year-ago period, versus its original forecast of 7% to 9% growth. It now projects Q1 gross margin to be between 10% and 12%, versus its earlier forecast of 4% to 7%.SMIC shares closed at $2.40 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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