October 27, 2014 5:17 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.
Canon (NYSE: CAJ) reported a 1% drop in its net profit for the third quarter.Canon's profit fell to Y58.249 billion ($540 million) in the July-September period, versus a year-ago profit of Y58.822 billion. However, earnings per share increased to 52.67 yen ($0.48), versus 51.20 yen.Income before income taxes declined 9% to 80.16 billion yen versus 88.06 billion yen.Its sales dropped 4.5% to Y872.208 billion versus Y913.149 billion.Sales within the Office Business Unit fell 2.4% to ¥482.3 billion (U.S.$4,424 million), while sales within the Imaging System Business Unit slipped 9.4% to ¥315.8 billion (U.S.$2,898 million). In the Industry and Others Business Unit, sales rose 2% to ¥97.0 billion (U.S.$890 million).The gross profit ratio for the quarter increased 0.5 points y/y to 49.5%, while operating profit slipped 20.7% y/y to ¥71.8 billion (U.S.$659 million).The average values of the yen during the quarter were ¥104.22.For the full business year ending in December, Canon now projects revenue of Y3.74 trillion, versus an earlier forecast of Y3.78 trillion. It also expects net income of 250.0 billion yen, versus prior outlook of 240.0 billion yen.Canon shares fell 0.33% to close at $30.35 on Friday.
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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