August 21, 2014 5:26 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: MRVL) shares trended down after hours when the company said third-quarter results won't meet Street views.Marvell forecast third-quarter adjusted earnings of of $0.27 to $0.31 a share, on revenue of $960 million to $1 billion. Analysts expect $0.32 on revenue of $1.1 billion.The semiconductor manufacturer's second-quarter earnings beat analysts expectations by more than 20 percent while revenue was essentially in line with the consensus.Free cash flow in the recent period totaled $137 million, compared with $211 million first quarter and $65 million a year earlier. Gross margin widened to 50.3 percent from 48.4 percent a year earlier, while second-quarter operating expenses fell to $363.4 million from $725.1 million.Second-quarter net income grew 20 percent to $138.9 million, or $0.27 a share, from $115 million or $0.23 a share a year earlier. Adjusted income was $0.34 a share.Revenue fell 38 percent to $961.5 million, from $1.54 billion a year earlier.Wall Street expected adjusted income of $0.28 a share on revenue of $961.6 million.Marvell traded recently after-hours at $13.50, down one percent.
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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