UPDATE: Wolverine Q2 Net Profit Drops 14%


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.


Wolverine World Wide (NYSE: WWW) reported a 14% drop in its fiscal second-quarter earnings.Wolverine's quarterly profit fell to $20.5 million, or $0.42 per share, from $24 million, or $0.48 per share, in the year-ago period. Its revenue rose 0.8% to $312.7 million. Analysts were expecting earnings of $0.44 per share on revenue of $314.46 million. Its gross margin declined to 37.8% from 39.4%.Wolverine shares closed at $38.33 yesterday.

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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Posted In: EarningsNewsprofit