August 27, 2014 8:35 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 Chico's FAS (NYSE: CHS) dipped more than 5% in pre-market trading after the company reported downbeat fiscal second-quarter profit.The Fort Myers, Florida-based company posted quarterly earnings of $30.1 million, or $0.20 per share, compared to $43.6 million, or $0.27 per share, in the year-ago period.Its sales surged 3.3% to $671.1 million. However, analysts were projecting a profit of $0.26 per share on revenue of $678 million.Same-store sales gained 0.3%, versus analysts' expectations for a 0.5% growth.The Chico's/Soma Intimates brands' comparable sales climbed 1.4%, while the White House | Black Market brand's comparable sales slipped 1.9% in the quarter. The Chico's brand posted a gain of slightly less than 1% in comparable sales, while the Soma Intimates brand's comparable sales rose by mid-single digit in the quarter.Its gross margin shrank to 52.4% versus 54.8%.At the end of the quarter, total inventories per selling square foot rose 2.5%. During the quarter, Chico's FAS repurchased 0.6 million shares for $10.0 million under its $300 million share repurchase program.Chico's FAS shares slipped 5.24% to $15.18 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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