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.
- Builders FirstSource Inc (NYSE:BLDR) reported third-quarter FY22 sales growth of 4.6% year-on-year to $5.80 billion, beating the consensus of $5.28 billion.
- The gross profit grew 17.6% to $2.0 billion, and the profit margin expanded 390 basis points to 35%.
- Selling, general, and administrative expenses rose 14.3% to $1.0 billion.
- The operating margin was 17.6%, and operating income for the quarter rose 21.1% to $1.01 billion.
- The company held $84.9 million in cash and equivalents as of September 30, 2022.
- Cash provided by operating activities for the quarter totaled $1.5 billion, with a free cash flow of $1.4 billion.
- Adjusted EBITDA increased 20.1% Y/Y to $1.2 billion.
- Adjusted EPS of $5.20 beat the analyst consensus of $3.32.
- In Q3, the company repurchased $658.2 million of its shares.
- "We are winning new business and strengthening existing customer relationships by providing customers individualized solutions and excellent service, which make us a partner of choice," commented CEO Dave Flitman.
- Outlook: Builders FirstSource sees FY22 sales of $22.5 billion - $23 billion versus the consensus of $22.03 billion.
- It expects FY22 adjusted EBITDA of $4.2 billion - $4.4 billion and adjusted EBITDA margin of 18.5% - 19.5%.
- Price Action: BLDR shares are trading higher by 5.16% at $60.90 on the last check Tuesday.
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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