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.
- Cintas Corporation (NASDAQ:CTAS) reported third-quarter FY23 sales growth of 11.7% year-on-year to $2.19 billion, beating the consensus of $2.15 billion.
- Organic revenue growth rate was 11.8% for the quarter.
- Gross margin expanded by 140 basis points Y/Y to 47.2% in the quarter.
- Selling and administrative expenses rose 19.7% to $587.2 million. Operating income increased 9.6% to $446.8 million, while the operating margin contracted by 40 basis points to 20.4%.
- EPS of $3.14 beat the analyst consensus of $3.04.
- The company held $88.6 million in cash and equivalents as of February 28, 2023. Net cash provided by operations for nine months totaled $1 billion, with a free cash flow of $820.1 million.
- Outlook: Cintas raised its annual revenue expectations from $8.67 billion - $8.75 billion to $8.74 billion - $8.80 billion, above the consensus of $8.73 billion.
- The company boosted the FY23 EPS outlook from $12.50 - $12.80 to $12.70 - $12.90 versus the consensus of $12.73.
- Price Action: CTAS shares are trading higher by 4.23% at $462.40 on the last check Wednesday.
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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