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.
Express Inc (NYSE:EXPR) shares are trading higher Wednesday after the company reported better-than-expected top-line results and raised full-year guidance.
Express said first-quarter revenue increased 30% year-over-year to $480.8 million, which beat the estimate of $435.74 million, according to data from Benzinga Pro. The company reported a quarterly loss of 10 cents per share, which may not compare to estimates for earnings of 15 cents per share.
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"I am energized by our momentum and this is reflected in our increased annual outlook," said Tim Baxter, CEO of Express.
Express raised its full-year comparable sales outlook to an increase of 8% to 10%. The company expects full-year adjusted earnings to be between 14 cents and 20 cents per share.
See Also: 21 Stocks Moving in Wednesday's Pre-Market Session
EXPR Price Action: Express shares have traded between $2.33 and $8.67 over a 52-week period.
The stock was up 10.9% at $2.64 at time of publication.
Photo: Mike Mozart from Flickr.
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.