Textron Reports $0.27 Earnings per Share

by Benzinga Staff
July 21, 2010 9:54 AM | 24 seconds read | Make a Comment

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.

Textron Inc. (NYSE: TXT) today reported second quarter earnings from continuing operations of $0.27 per share, compared to a $0.23 per share loss in last year’s second quarter. Excluding special charges, the company reported income from continuing operations of $0.29 per share, compared to $0.08 per share a year ago. Revenues in the quarter were $2.7 billion, up 3.7 percent from last year’s second quarter and manufacturing operations generated $170 million in free cash flow during the quarter.

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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