Scania Q3 Net Profit Down 36%

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.

Scania AB (OTC: SVKBY) reported a 36% y/y decline in its third-quarter net profit. Scania's quarterly net profit fell to SEK1.5 billion, versus SEK2.34 billion, in the year-ago period. Its revenue dropped to SEK17.92 billion from SEK21.13 billion, versus analysts' estimates of SEK18.82 billion. Scania's operating profit dropped to SEK1.88 billion from SEK3.01 billion, versus analysts' estimates of SEK1.98 billion. Its total order bookings declined 10% to SEK16.93 billion from SEK18.89 billion, while total deliveries dropped 21% to SEK14.84 billion from SEK18.69 billion.

27% profit every 20 days?

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!