Nordstrom Down 3% on Disappointing Earnings and Guidance - Nordstrom (NYSE:JWN)

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.

Nordstrom (NYSE: JWN) is trading lower on the session followings its Q1 earnings announcement. the company reported an EPS of $0.70 vs $0.75 estimates and revenues of $2.54 billion vs $2.52 billion estimates.Nordstrom guided FY12 EPS $3.3-3.45 vs $3.49 estimates and guides Q1 revenue $2.63 billion vs $2.6 billion estimates.The shares of Nordstrom are currently trading at $51.94, a loss of $1.59 or 2.97%.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!