October 16, 2014 9:13 AM | 1 min read |
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Supervalu (NYSE: SVU) reported in-line earnings for the fiscal second quarter.The Eden Prairie, Minnesota-based company posted quarterly earnings of $31 million, or $0.11 per share, down from $40 million, or $0.15 per share, in the year-ago period. The recent quarter results included $1 million in after-tax information technology intrusion costs, net of insurance recoverable. Its revenue rose 1.8% to $4.02 billion. However, analysts were expecting earnings of $0.11 per share on revenue of $3.95 billion.Retail Food net sales during the quarter rose to $1.10 billion from $1.07 billion.Identical store sales for corporate stores within the Save-A-Lot network rose 8.2%, while independent business sales fell 1.1% in the quarter.Gross profit declined to $572 million from $576 million, while net interest expense fell to $46 million from $51 million.President and CEO Sam Duncan said, “The investments we have made at Save-A-Lot continue to drive sales and our Retail Food stores recorded their third consecutive quarter of positive identical store sales.”Supervalu shares fell 0.70% to close at $8.55 yesterday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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