October 21, 2014 8:06 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.
Lockheed Martin (NYSE: LMT) reported better-than-expected profit for the third quarter and lifted its 2014 earnings guidance.The Bethesda, Maryland-based company posted a quarterly profit of $888 million, versus a year-ago profit of $873 million. Its EPS surged to $2.76 from $2.66. Its sales slipped 2% to $11.1 billion in the period. However, analysts were expecting a profit of of $2.71 per share on revenue of $11.28 billion.Aeronautics' net sales for the quarter fell 2%, while Information Systems & Global Solutions net sales dropped 5%. Missiles and Fire Control net sales declined 5%, while Mission Systems and Training net sales tumbled 1%. Space Systems' net sales for the quarter rose 4%.Lockheed Martin raised its quarterly dividend from $1.33 to $1.50 per share.The company repurchased 2.6 million shares for $446 million during the quarter.Lockheed Martin narrowed its 2014 sales forecast to $45 billion, versus its earlier forecast of $44.0 billion to $45.50 billion. The company also projects a low single-digit sales decline in 2015.The company now expects 2014 earnings of $11.15 per share, versus earlier forecast of $10.85 to $11.15 per share.Lockheed Martin shares dropped 2.12% to $172.50 in pre-market trading.
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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