27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
- Wipro Limited (NYSE:WIT) reported second-quarter FY23 gross revenue of $2.77 billion, an increase of 14.6% Y/Y, missing the consensus of $2.86 billion.
- IT Services revenue grew 8.4% Y/Y to $2.8 billion. Non-GAAP constant currency IT Services segment revenue grew 12.9% Y/Y.
- IT Services operating margin for the quarter was at 15.1%, up 16 bps Q/Q.
- Net income was $326.8 million. Operating Cash Flow was at $590 million, up 101% Y/Y.
- EPS of $0.06 missed the consensus of $0.07.
- Thierry Delaporte, CEO and Managing Director said, "The solid growth in our bookings, large deal signings, and revenues underscore our improved market competitiveness and enhanced value proposition."
- Outlook: Wipro sees Q3 IT Services business revenue of $2.811 billion - $2.853 billion, implying a 0.5%-2.0% Q/Q growth.
- Price Action: WIT shares closed lower by 3.65% at $4.75 on Tuesday.
- Photo Via Company
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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