UPDATE: CarMax Posts Drop In Q1 Profit - CarMax (NYSE:KMX)

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.

CarMax (NYSE: KMX) reported a decline in its first-quarter profit. CarMax's quarterly profit fell to $120.75 million, or $0.52 per share, versus $125.5 million, or $0.54 per share, in the year-earlier period. Its revenue climbed to $2.78 billion, from $2.68 billion. Analysts were expecting earnings of $0.53 per share on revenue of $2.82 billion. In fiscal 2013, the company plans to open 10 superstores, versus five store openings in 2012.CarMax shares closed at $27.90 yesterday.

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!