October 16, 2014 11:01 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.
PPG Industries (NYSE: PPG) reported a 64% rise in its third-quarter earnings.The Pittsburgh, Pennsylvania-based company posted a quarterly profit of $371 million, or $2.66 per share, versus a year-ago profit of $226 million, or $1.56 per share. Excluding special items, its earnings from continuing operations climbed to $2.82 per share versus $2.32 per share.Its net sales climbed 4.3% to $3.94 billion. However, analysts were projecting a profit of $2.75 per share on revenue of $3.99 billion.PPG's performance coatings segment sales increased 3.1% to $2.26 billion, while industrial coatings sales surged 6.8% to $1.4 billion. Glass segment net sales gained 2% to $283 million in the quarter.PPG's repurchased $150 million, or around 740,000 shares, of PPG stock during the third quarter. The company reported cash and short-term investments totaling $3.0 billion at quarter-end.“Results remained uneven across major regions,” Bunch added. “In North America, sales gains were supported by continued moderate economic expansion. European sales improved slightly, but results remained mixed as demand improvement in some countries was offset by weaker conditions in other parts of the region. Our growth rate in emerging regions accelerated slightly in comparison with recent quarters, led by improved PPG results in Asia and Latin America.”PPG shares rose 0.40% to $181.21 at 10:50 a.m. ET.
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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