October 20, 2014 8:26 PM | 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.
Cadence Design Systems Inc. (NASDAQ: CDNS) beat third-quarter profit expectations Monday but its outlook for the current period disappointed Wall Street.The company, which makes products for designing microchips, traded down recently 1 percent in the extended session to $16.80 a share.Cadence, San Jose, Calif., expects fourth-quarter adjusted income of between $0.26 cents and $0.28 cents a share on revenue of $417 million to $427 million. But Wall Street expects fourth-quarter earnings of $0.29 cents a share on revenue of $427.44 million.In the recent third-quarter, Cadence earned $37.54 million, or $0.12 cents a share, from year-earlier profit of $38.5 million, or $0.13 cents a share. Revenue grew to $400.5 million, from $366.6 million.Adjusted third-quarter income was $26 cents a share, compared with $0.21 cents a share in the year-earlier period.Analysts expected profits of $0.24 cents a share on revenue of $396.24 million.
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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