April 30, 2014 7:22 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.
Boyd Gaming (NYSE: BYD) shares are trading lower by 3 percent to $11.41 after the company reported disappointing first quarter results.The loss per share came in at $0.04, versus the analyst expectations of a gain of $0.01 per share. Revenue was reported at $708.3 million, missing estimates of $713.12 million. Revenue decreased 3.8 percent year over year.The company blamed severe winter weather for the earnings miss, estimating a $10 to $12 million hit to adjusted EBITDA.Borgata's online gaming operations recorded a $3.2 million operating loss related to its launch.“We were particularly encouraged by the performance of our Las Vegas Locals business, which generated its fifth straight quarter of EBITDA growth. The refinements we have made to our operations are paying clear dividends in all segments of our business, and we expect additional benefits as the economy recovers,” said President and Chief Executive Officer Keith Smith.
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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