October 21, 2014 7:29 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.
United Technologies (NYSE: UTX) reported a rise in its earnings for the third quarter.The Hartford, Connecticut-based company posted quarterly net income of $1.85 billion, or $2.04 per share, compared to $1.43 billion, or $1.55 per share, in the year-ago period. The latest quarter results included $0.22 per share of favorable one-time items net of restructuring costs.Its sales climbed 5% to $16.2 billion. However, analysts were expecting earnings of $1.81 per share on sales of $16.16 billion. Segment operating profit climbed 16% y/y in the quarter.Commercial aftermarket sales climbed 7% at Pratt & Whitney and gained 10% at UTC Aerospace Systems.Large commercial engine spares orders increased 1% at Pratt & Whitney and commercial spares orders surged 11% at UTC Aerospace Systems.Cash flow from operations was $1.9 billion and capital expenditures were $415 million in the latest quarter.UTC Chairman & Chief Executive Officer said, "Along with strong margin expansion and a fifth consecutive quarter of organic sales growth, we've seen increased demand for our integrated building solutions and revenue synergy opportunities for our Building & Industrial Systems businesses.”United Technologies still projects full-year earnings of $6.75 to $6.85 per share on sales of around $65 billion.United Technologies shares slipped 0.05% to close at $101.48 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.
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