June 5, 2014 8:42 AM | 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.
UTi Worldwide (NASDAQ: UTIW) reported a wider fiscal first-quarter loss. UTi Worldwide posted a quarterly loss of $43.2 million, or $0.43 per share, versus a year-ago loss of $12.4 million, or $0.12 per share. Excluding certain items, the company lost $0.09 per share. Its revenue fell 3.3% to $1.04 billion, while net revenue declined 0.8% to $372.9 million. However, analysts were expecting a loss of $0.04 per share on revenue of $1.1 billion. UTi Worldwide's air freight forwarding revenue dropped 0.8%, while ocean freight forwarding revenue declined 12%.Eric W. Kirchner, chief executive officer, said, "First quarter results were in line with our expectations. Adjusting for negative currency effects, net revenue rose 3.8 percent in the first quarter, primarily due to increased activity in both business segments and an improvement in freight forwarding yields.”UTi Worldwide shares fell 1.95% to $10.08 in pre-market trading.
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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