Weatherford Shares Sink Amid Restatement News, Q3 Results

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.

Weatherford International (NYSE: WFT) reported Q3 preliminary sales of $3.82 billion vs $3.78 billion est. The company announced an unfavorable adjustment for operating income of $24 million in Q1 and an adjustment for operating income of $55 million for Q2. Weatherford will restate its Q1 2012 results and revised the preliminary Q2 loss before taxes to $753M.On the conference call, an exec said Q4 North American results will be flat compared to Q3. International work during the quarter will be "stronger" than Q3.

27% profit every 20 days?

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