July 17, 2014 6:44 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.
Mattel (NASDAQ: MAT) reported a drop in its second-quarter earnings.Mattel's quarterly profit fell to $28.3 million, or $0.08 per share, versus a year-ago profit of $73.3 million, or $0.21 per share. Its net sales dropped 9.1% to $1.06 billion. However, analysts were projecting a profit of $0.18 per share on revenue of $1.19 billion. Mattel's gross margin shrank to 46.4% from 51.3%. Barbie sales declined 15% y/y, versus a 14% drop in the first quarter. The company's North American sales dropped 8%, while international sales fell 9%. Wheels sales slipped 3%, while other girls sales dropped 11%. Sales for Fisher-Price Brands tumbled 17% to $328.8 million in the quarter.Sales for Mattel Girls & Boys Brands fell 13% to $689.0 million, while sales for American Girl Brands rose 6% to $83.1 million.Mattel's gross margin fell 490 basis points of net sales.The company's press release offered the following comment from Bryan G. Stockton, Mattel Chairman and Chief Executive Officer:“In the second quarter, we made significant progress across a number of initiatives to better position Mattel in the second half of the year and beyond."Mattel shares gained 0.18% to $39.10 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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