October 20, 2014 11:14 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.
PetMed Express (NASDAQ: PETS) reported downbeat earnings for the fiscal second quarter. The Pompano Beach, Florida-based company posted a quarterly profit of $2.7 million, or $0.14 per share, versus a year-ago profit of $4.2 million, or $0.21 per share. Excluding non-recurring costs, its earnings came in at $0.19 per share.Its revenue fell 4.8% to $57.6 million from $60.5 million. However, analysts were estimating a profit of $0.21 per share on revenue of $61.22 million.The company's board declared a quarterly dividend of $0.17 per share.Menderes Akdag, CEO and President said, "While navigating through a shortened flea and tick season, we were able to maintain increased gross profit margins and an increased average order size. For the quarter ended September 30, 2014 our gross profit increased 23 basis points, which can be attributed to a shift in sales to higher margin items. Our average order size increased to $75 for the quarter ended September 30, 2014, compared to $73 for the same quarter in the prior year.”PetMed Express shares fell 0.23% to $13.08 at 11:00 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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