27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corp.’s (NYSE:XOM) signaling weak oil and gas prices to impact first-quarter FY24 results.
The company anticipated that fluctuations in gas prices would negatively influence its first-quarter upstream results by between $(0.6) billion and $(0.2) billion.
The analyst wrote that the implied Upstream earnings came in above estimates at ~$6.0 billion at the mid-point vs. estimate at ~$5.6 billion.
Also, Mehta said the implied Downstream earnings came in above GS estimates at the mid-point at ~$2.5 billion vs the estimate at ~$2.1 billion.
Moreover, the implied Chemicals came in above estimates at the mid-point at ~$700 million vs. the estimate at ~$440 million, said the analyst.
Overall, the analyst said implied EPS for the quarter came at the mid-point at ~$2.15 vs. an estimate of $1.95, and FactSet consensus closer to $2.06.
The analyst estimated revenue of $341 billion in 2024, $348 billion in 2025, and $355 billion in 2026.
Investors can gain exposure to the stock via Energy Select Sector SPDR Fund (NYSE:XLE) and IShares U.S. Energy ETF (NYSE:IYE).
Price Action: XOM shares are trading higher by 0.29% at $119.65 on the last check Thursday.
Photo: Del Henderson Jr. via Shutterstock
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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