February 6, 2013 2:53 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.
Take-Two Interactive Software (NASDAQ: TTWO) posted a strong rise in its fiscal third-quarter earnings.Take-Two's quarterly net income surged to $71.4 million, or $0.66 per share, up from $14.1 million, or $0.16 per share, in the year-ago period. Its revenue surged to $415.8 million, from $236.3 million. Excluding one-time items, Take-Two earned $0.67 per share on revenue of $405 million in the latest period. However, analysts expected earnings of $0.55 per share on revenue of $363.9 million. For the current period, it projects adjusted earnings of $0.10 to $0.25 per share, on revenue of $235 million to $285 million. However, analysts expected earnings of $0.36 per share on revenue of $301.6 million.Take-Two shares gained 6.64% to $13.50 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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