UPDATE: Rent-A-Center Q4 Profit Down 4%

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.

Rent-A-Center (NASDAQ: RCII) reported a 4% drop in its net income in the fourth quarter.Rent-A-Center's quarterly net income fell to $47.5 million, or $0.81 per share, versus $49.3 million, or $0.83 per share, in the year-ago period. Its revenue climbed 3% to $758.4 million. However, analysts expected net income of $0.83 per share on revenue of $777.9 million. For 2013, Rent-A-Center projects earnings of $3.25 to $3.40 per share on revenue of $3.24 billion to $3.33 billion. However, analysts were expecting earnings of $3.49 per share on revenue of $3.27 billion.Rent-A-Center shares closed at $35.43 yesterday.

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!