March 11, 2013 4:31 PM | 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.
Apparel retailer Urban Outfitters (NASDAQ: URBN) released its fiscal fourth-quarter earnings results after the closing bell on Monday. In the after-hours trading session, the stock was last trading down around 2 percent to $40.63. Urban Outfitters reported net income of $82.55 million or $0.56 per share, compared to $39.26 million or $0.27 per share, in last year's corresponding quarter. This missed Wall Street analysts' consensus EPS estimates of $0.57 by a penny. Sales in the fourth-quarter were $856.83 million, a 17 percent gain versus the $730.65 million that the company reported last year. This came in ahead of analysts' consensus revenue expectations of $848.24 million. Comparable store sales were flat in the quarter.
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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