October 24, 2014 5:22 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.
Ericsson (NASDAQ: ERIC) reported a rise in its revenue for the third quarter.Ericsson's quarterly revenue rose 9% to 57.6 billion Swedish kronor ($7.94 billion), from 53.0 billion kronor, in the year-earlier period. However, analysts were expecting revenue of 55.14 billion kronor.Its gross margin widened to 35.2% in the quarter versus 32%.The company's operating income dropped to 3.9 billion Swedish kronor versus 4.2 billion kronor, while net profit slipped to 2.65 billion kronor compared to 2.92 billion kronor.Earnings per share shrank 10% to 0.81 krona from 0.90 krona. Excluding certain items, the company's earnings fell to 1.11 kronor per share, from 1.31 kronor per share.Operating costs rose 13% to 15.3 billion kronor, while selling and administrative expenses gained 3.8%."We continue to execute on our strategic agenda; to improve our profitability in the core business in order to invest in targeted areas such as IP networks, Cloud, TV & Media and OSS & BSS," Hans Vestberg, President and CEO said.Ericsson shares gained 3.23% to close at $11.81 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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