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.
- Autoliv Inc (NYSE:ALV) reported a fourth-quarter FY21 sales decline of 15.8% year-on-year, to $2.119 billion, missing the analyst consensus of $2.17 billion.
- The gross profit declined 26.7% Y/Y to $368 million and the gross margin contracted by 260 basis points to 17.4%.
- The operating margin contracted 400 basis points to 8.2%, and operating income for the quarter fell 43.2% to $174 million.
- Adjusted EPS of $1.30 beat the analyst consensus of $1.18.
- "The fourth quarter of 2021 remained challenging with indirect effects from COVID-19 continuing to impact our business," said CEO Mikael Bratt.
- The company held $969 million in cash and equivalents as of December 31, 2021. Operating cash flow for FY21 totaled $754 million.
- Outlook: Autoliv sees FY22 organic revenue growth of around 20% and $950 million in operating cash flow.
- Price Action: ALV shares are trading lower by 1.68% at $94.31 in premarket on the last check Friday.
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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