January 31, 2013 1:39 AM | 1 min read |
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.
Concur Technologies (NASDAQ: CNQR) posted a wider first-quarter loss and issued a downbeat second-quarter revenue forecast.For the current quarter, Concur projects adjusted earnings of $0.24 per share on revenue growth of 19%. However, analysts expected earnings of $0.21 per share on revenue growth of 22%. Concur posted a quarterly loss of $12 million, or $0.22 per share, versus a year-ago loss of $868,000, or $0.02 per share. Excluding other items, its earnings dropped to $0.30 from $0.32 per share. Its revenue climbed 22% to $122.8 million. Concur in November had expected earnings of $0.30 per share on revenue growth of 21%. Concur shares dropped 6.27% to $68.00 in after-hours trading.
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.
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