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.
- Macy's Inc (NYSE:M) reported a third-quarter FY22 sales decline of 3.9% year-on-year to $5.23 billion, beating the consensus of $5.20 billion.
- Comparable sales decreased 3.1% on an owned basis and down 2.7% on an owned plus licensed basis versus Q3 2021.
- The operating margin was 3.7% versus 9.6% last year. Operating income for the quarter declined 63.3% to $192 million.
- The gross margin was 38.7%, down 230 basis points from Q3 2021.
- Adjusted EBITDA was $439 million versus $765 million last year.
- Adjusted EPS of $0.52 beat the analyst consensus of $0.19.
- Macy's held $329 million in cash and equivalents as of October 29, 2022. Net cash provided by operating activities for the nine months totaled $488 million.
- Inventory was up 4% year-over-year and down 12% versus Q3 2019.
- Outlook: Macy's continues to expect FY22 sales of $24.34 billion - $24.58 billion, against the consensus of $24.48 billion.
- The company raised the FY22 adjusted EPS outlook to $4.07 - $4.27 from $4.00 - $4.20 versus the Street view of $4.10.
- Price Action: M shares are trading higher by 7.05% at $21.10 in premarket on the last check Thurdsay.
- Photo Via Company
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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