July 30, 2014 4:54 PM | 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.
Just after the closing bell on Wednesday, Yum! Brands, Inc. (NYSE: YUM) file an 8-K form with the SEC which explained that the company "immediately terminated" its relationship with OSI globally upon learning of the Shanghai Husi issue.The filing went on to state that due to the negative consumer reaction, its KFC and Pizza Hut stores in China have suffered "significant, negative" impact to same-store sales over the last 10 days.Yum Brands also noted that it reserves the right to take "full legal action" regarding the impact to its business.The company noted that if the negative consumer sentiment in China is prolonged it will have a "material effect" on full-year EPS.Yum brands concluded by stating that it will provided further insight into the matter during its third quarter earnings call in October.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.