July 20, 2010 1:51 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.
Shares of State Street Corporation (NYSE: STT) surged today after the company reported its financial results.The stock has climbed nearly 5% to $39.20 per share in afternoon trading. Analysts covering the stock have a consensus price target of $53.82 per share.Although the results were in line with Wall Street estimates and the company's 2010 outlook remained unchanged, State Street Corporation (STT) benefited from solid revenue growth and a swing to profitability from last year's loss, which was attributed to a multibillion dollar charge.The company reported before the market opened that it swung to a 2nd quarter profit of $432 million, or 87 cents per share, from a loss of $3.3 billion, or $7.12 per share, during the same quarter a year earlier.Excluding special items, State Street earned 93 cents per share.Revenue rose to $2.3 billion, up from $2.12 billion a year earlier.A survey of analysts by Thomson Reuters showed an average analyst estimate of expected earnings of 93 cents per share for STT, on revenue of $2.25 billion.Boston, Massachusetts based State Street Corporation provides a variety of financial services to to institutional investors through its subsidiaries.Read more
from Benzinga's Company news.
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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