July 24, 2014 9:28 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.
Southwest Airlines Co (NYSE: LUV) reported stronger-than-expected second-quarter earnings.The Dallas, Texas-based company posted a quarterly net profit of $465 million, or $0.67 per share, versus a year-ago profit of $224 million, or $0.31 per share. Excluding special items, its earnings climbed to $0.70 per share from $0.38 per share. Its operating revenue surged 7.9% to $5.01 billion. However, analysts were expecting a profit of $0.61 per share on revenue of $4.93 billion. Southwest's passenger revenue per available seat mile rose 9% in the quarter, while load factor climbed to 83.9% from 81.6%. Its fuel and oil costs declined 4.3% to $1.43 billion.Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, "We are very pleased with our strong second quarter earnings performance.”Southwest shares gained 2.53% to $29.60 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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