October 8, 2014 5:45 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.
Costco Wholesale (NASDAQ: COST) reported stronger-than-expected earnings for the fourth quarter.The Issaquah, Washington-based company posted quarterly net income of $697 million, or $1.58 per share, compared to $617 million, or $1.40 per share, in the year-ago period.Its net sales gained 9% to $34.75 billion from $31.77 billion, while total revenue surged to $35.52 billion from $32.49 billion. However, analysts were expecting a profit of $1.52 per share on revenue of $35.47 billion.Net sales for the fiscal year jumped 7% to $110.21 billion from $102.87 billion.Costco's same-store sales jumped 6% in the quarter. However, same-store sales, excluding fuel, increased 7% in the fourth quarter. US same-store sales increased 6% in the period. Revenue from membership fees gained 7.3% to $768 million in the quarter.Costco currently operates 664 warehouses. It plans to open up to an additional 8 new warehouses (including 1 relocation) before the end of calendar year 2014.Costco's shares fell 0.74% to close at $125.27 yesterday.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.