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.
- Olaplex Holdings Inc (NASDAQ:OLPX) issued third-quarter preliminary sales expectations and revised FY22 guidance.
- The company attributed the updated guidance to a slowdown in sales momentum reflecting macroeconomic pressures, increased competitive activity, including discounting, a moderation in new customer acquisition, and inventory rebalancing.
- Olaplex expects Q3 sales of $176.5 million, a 9.2% Y/Y increase, against the consensus of $208.95 million.
- It expects adjusted net income of $71.3 million - $73.3 million and adjusted EBITDA of $100.0 million - $102.0 million, both declining Y/Y.
- It sees Q3 gross margin of 72.5% - 73.7% and inventory to be $150.0 million - $152.0 million.
- For FY22, Olaplex expects sales of $704 million - $711 million (previous guidance was $796 million - $826 million) versus the estimate of $815.74 million.
- It sees adjusted net income of $303 million - $307 million (previously $363 million - $379 million) and adjusted EBITDA of $425 million - $431 million (previously $504 million - $526 million).
- Price Action: OLPX shares are trading lower by 45.76% at $5.31 in premarket on the last check Wednesday.
- 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!