March 19, 2013 5:50 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.
(NASDAQ: ADBE) released its fiscal first-quarter earnings results on Tuesday after the closing bell. In late trading, the stock was last up almost six percent to $43.10. Adobe reported net income of $65.1 million or $0.13 per share, compared to $185.2 million or $0.37 per share, in last year's first-quarter. On an adjusted basis, which is comparable to analysts' consensus, the company earned $177.9 million or $0.35 per share, versus $284.5 million or $0.57 per share, a year ago. This beat consensus estimates calling for a profit of $0.31 per share. Revenues in the quarter were $1.01 billion compared to $1.05 billion in last year's corresponding period. This also came in ahead of Street consensus revenue estimates of $985.2 million.
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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