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.
- Newell Brands Inc (NASDAQ:NWL) reported a second-quarter FY22 sales decline of 6.5% year-on-year to $2.53 billion, missing the consensus of $2.56 billion. Core sales grew 1.7%.
- The Commercial Solutions segment sales decreased 12.9% Y/Y to $429 million, Home Appliances fell 12.2% to $346 million, Home Solutions declined 11% to $467 million, and Learning & Development increased 2.4% to $865 million.
- The gross margin for the quarter remained flat Y/Y at 32.6%, and the gross profit decreased 6.5% to $825 million.
- The operating margin expanded 120 basis points to 12.5%, and operating income for the quarter rose 3.9% to $317 million.
- The company held $323 million in cash and equivalents as of June 30, 2022.
- Adjusted EPS of $0.57 beat the analyst consensus of $0.47.
- Outlook: Newell reduced FY22 adjusted EPS guidance to $1.79 - $1.86 from $1.85 - $1.93, against the consensus of $1.88.
- It also cut the FY22 sales outlook to $9.76 billion - $9.98 billion from $9.93 billion - $10.13 billion, against the consensus of $10.06 billion.
- Newell expects Q3 sales of $2.39 billion - $2.50 billion (consensus $2.58 billion) and adjusted EPS of $0.50 - $0.54 (consensus $0.57).
- Price Action: NWL shares traded lower by 0.56% at $20.58 on the last check Friday.
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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