August 4, 2014 2:36 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.
Realogy Health (NYSE: RLGY) reported its quarterly earnings on Monday. Shares of the company are up five percent. Below are some key highlights from its conference call:Global, Growth, Results:• You will recall that our previous guidance for the second quarter transaction volume was a range of down 2% to plus 2% compared to the prior year's results.• Our free cash flow for the quarter was strong, a trend we fully expect to continue through year-end.• We expect to be well-positioned to call the remaining 7.785% debt in early 2015, which is currently about $330 million• Of course, the most exciting recent news is our planned acquisition of ZipRealty, which is expected to close during the third quarter. • Focusing on the green 2014 line, you can see the inventory levels were at 2.3 million units in June, which is up 22% from 1.9 million units in January.• Revenue of $1.5 billion was down 1% compared to the second quarter of 2013, driven by lower refinance volume at TRG.• The company generated $198 million of free cash flow during the quarter or $1.36 per share.• One other item of note on the income statement is the GAAP tax increased to $51 million in the second quarter compared to $9 million in the previous-year period.
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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