June 19, 2013 7:06 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.
Linux software vendor
Red Hat (NYSE: RHT) released its fiscal first-quarter earnings results after the closing bell on Wednesday. The company reported both earnings per share and revenue that were ahead of Wall Street expectations. In late trading, Red Hat shares were last up almost 4 percent to $47.99.
Management Commentary "The first quarter was a solid start to Fiscal 2014, with both revenue and profitability coming in above the high-end of our guidance. We delivered mid-teens revenue growth driven by customer demand for innovative open source technologies based on a high-value subscription model," said Jim Whitehurst, President and Chief Executive Officer of Red Hat.
Q1 Results For the fiscal first-quarter, Red Hat reported net income of $40.4 million or $0.21 per share, compared to $37.5 million or $0.19 per share, in last year's corresponding quarter. On an adjusted basis, net income was $61.6 million or $0.32 per share, versus $57.9 million or $0.30 per share, in last year's first-quarter. This beat Wall Street consensus EPS estimates of $0.31 by a penny. Sales in the quarter were up 15 percent to $363.26 million from $314.73 million last year. This also beat analysts' consensus revenue estimates of $359.77 million. Subscription revenue in the period was up 16 percent to $315.8 million while training and services revenue rose 12 percent to $47.4 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.