July 26, 2013 4:07 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.
Intersil Corporation(NASDAQ: ISIL), today announced a resource rebalancing initiativedesigned to better align the company's operating expenses withstrategic growth areas to improve competitiveness and executionacross the business. The actions will shift more resources to productdevelopment, reducing expenses in manufacturing and sales operationsas well as administrative functions. The initiative is specificallydesigned to create long-term structural changes that will enableincremental investments in product development, while remainingapproximately within the current overall operating expense run rate.The company also announced today higher than expected revenue of$144.8 million for the second quarter ended July 5, 2013. The rebalancing initiative includes a reduction of the workforce by approximately 150 employees, which is anticipated to be graduallyoffset by the addition of new hires in design and development overthe next few quarters. The resulting restructuring charges areexpected to be in the range of $8 to $12 million. Management intendsto discuss this initiative and the company's strategic directionduring the upcoming second quarter earnings webcast.
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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