Layne Christensen Jumps on Q1 Results

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.

Layne Christensen (NASDAQ: LAYN) released its fiscal first-quarter earnings report prior to the opening bell on Tuesday morning. The company reported net income of $3.75 million or $0.19 per share, compared to $13.07 million or $0.66 per share, in last year's first-quarter. This compared to Wall Street consensus EPS estimates of $0.23. Revenues during the quarter were up 3.4% to $276.47 million compared to $267.37 million last year. This came in ahead of Wall Street consensus revenue estimates of $263.18 million. During Tuesday's trading session, LAYN shares have jumped 3.44% to $19.24 and were last sitting near session highs.

27% profits every 20 days?

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