August 15, 2014 9:14 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.
Shares of Dillard's (NYSE: DDS) dipped more than 4.5% in pre-market trading after the company reported weaker-than-expected fiscal second-quarter earnings. The Little Rock, Arkansas-based company posted a quarterly profit of $34.5 million, versus a year-ago profit of $36.5 million. On a per-share basis, its earnings gained to $0.80 from $0.79. Its total revenue fell less than 1% to $1.51 billion. However, net sales fell to $1.47 billion. However, analysts were projecting a profit of $0.86 per share on revenue of $1.53 billion.The company's comparable stores sales rose 1% in the quarter. Selling, general and administrative expenses rose to $400.5 million from $398.2 million.At August 2, 2014, it operated 278 Dillard's locations and 18 clearance centers and an Internet store at www.dillards.com.Dillard's Chief Executive Officer, William T. Dillard, II, said, "Although our 1% comparable store sales increase led to a profitable quarter, we are somewhat disappointed in the bottom line performance. We are pleased with our inventory management during the quarter and with our ending inventory position."Dillard's shares tumbled 4.84% to $110.00 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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