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.
- WestRock Co (NYSE:WRK) reported second-quarter FY22 sales growth of 21.3% year-on-year, to $5.38 billion, beating the consensus of $5.07 billion.
- Corrugated Packaging segment revenue rose 14.7% Y/Y, Consumer Packaging segment increased 15.7%, and Paper segment jumped 36%.
- Gross profit gained 33.9% Y/Y to $1 billion with a gross margin of 18.6%.
- The operating margin was 1.1%, and operating income for the quarter fell 71.3% to $56.6 million.
- The company held $360.2 million in cash and equivalents as of March 31, 2022. Net cash provided by operating activities amounted to $390 million.
- Adjusted EBITDA of $853.9 million increased 33.3% Y/Y.
- Adjusted EPS of $1.17 beat the analyst consensus of $1.01.
- WestRock's board of directors authorized an additional 25 million shares repurchase program, representing authorization of 10% of its outstanding common stock.
- Price Action: WRK shares are trading higher by 3.07% at $54.38 on the last check Thursday.
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.
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