February 8, 2013 2:15 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.
Solera Holdings (NYSE: SLH) reported a 30% drop in its fiscal second-quarter earnings and raised its full-year forecast.Solera now expects full-year adjusted earnings of $2.60 to $2.66 per share on revenue of $829 million to $835 million. The company in November had expected earnings of $2.52 to $2.60 per share and revenue of $810 million to $818 million. Solera's quarterly profit fell to $19.8 million, or $0.28 per share, from $28.2 million, or $0.39 per share, in the year-ago period. Excluding one-time items, it earned $0.69 per share. Its revenue climbed 7.2% to $209.2 million. However, analysts expected earnings of $0.64 per share on revenue of $202 million. Solera shares fell 0.52% to close at $55.41 yesterday.
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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