July 26, 2010 4:39 PM | 1 min read
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.
San Francisco, California based software and service provider Advent Software, Inc. (Nasdaq: ADVS) released financial results late Monday that beat Wall Street estimates.Advent Software, Inc. (ADVS) announced that its 2nd quarter net income from continuing operations fell 32% to $4.8 million, down from $7.2 million, a year earlier.Excluding special items, the company reported earnings of 33 cents per share.The company reported that revenue from continuing operations rose 10% to $69.3 million, up from $63.1 million a year earlier.According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 31 cents per share, on revenue of $67.93 million.The company forecast 3rd quarter revenue from continuing operations of $70 million to $72 million and full year revenue of $277 million to $281 million.Advent Software finished Monday trading at $50.48 per share. The consensus price target of analysts covering the company's stock is $48 per share.Read more
from Benzinga's Company news.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.