July 31, 2014 5:03 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.
(NASDAQ: SPWR), the second largest U.S. solar panel maker, reported results after the close, with the company beating lowered expectations but issuing a cautious guidance outlook. Earnings came in at $0.28 per share, topping analysts forecasts of $0.25. Revenues were $621.1 million, a drop of nearly 4.5 percent year over year, but still eclipsing the $596 million consensus. In issuing guidance, SunPower said it expects to earn between $0.15 and $0.35 per share on revenue of $600 million to $650 million in the third quarter. Most analysts were looking for $0.30 per share on $660 million in sales.Full year guidance was also at the lower end of the expected range of $1.15 and $1.40 a share in earnings and revenue of $2.50 to $2.65 billion. Analysts were looking for $1.30 a share and revenue of approaching $2.6 billion.Shares of SunPower were trading lower at 34.80 after hours, a nearly five percent drop from the closing price of 36.73.
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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