January 25, 2013 2:11 AM | 1 min read |
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.
Flextronics International (NASDAQ: FLEX) reported a 75% drop in its fiscal third-quarter earnings. For the current quarter, Flextronics expects earnings of $0.11 to $0.15 per share on revenue of $5 billion to $5.3 billion. However, analysts expected a profit of $0.20 per share on revenue of $5.69 billion. Flextronics' quarterly profit fell to $25 million, or $0.04 per share, from $102.2 million, or $0.14 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $0.21 per share. Its revenue fell 18% to $6.12 billion. The company in October expected a profit of $0.18 to $0.22 per share on revenue of $5.8 billion to $6.2 billion. Flextronics shares tumbled 7.89% to $6.19 in after-hours trading.
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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