Rautaruukki Posts Q3 Net Loss, Lowers Full-Year Forecast

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.

Rautaruukki Oyj (OTC: RUKKF) posted a wider-than-expected third-quarter net loss and lowered its full-year forecast.Rautaruukki posted a quarterly net loss of EUR29 million, versus a year-ago net loss of EUR21 million. However, analysts were expecting a net loss of EUR12.2 million. Its net sales rose to EUR675 million, from EUR674 million, and versus analysts' estimates of EUR674.8 million. Rautaruukki's operating loss came in at EUR20 million, versus a year-ago loss of EUR24 million. However, analysts were expecting a EUR4.4 million operating loss.

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!