October 31, 2014 9:16 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.
Shares of The Clorox Company (NYSE: CLX) gained more than 2.4% in pre-market trading after the company reported stronger-than-expected fiscal first-quarter results. The Oakland, California-based company posted quarterly net income of $90 million, or $0.68 per share, versus $136 million, or $1.03 per share, in the year-ago quarter. Its profit from continuing operations rose to $1.10 per share from $1.05 per share. Its sales climbed to $1.35 billion versus $1.34 billion. However, analysts were expecting a profit of $1.03 per share on revenue of $1.33 billion. Sales in the cleaning segment fell 2% in the quarter, while household segment sales gained 5%. Sales in the lifestyle segment slipped 1%, while international segment reported flat sales in the quarter.Gross margin shrank 70 basis points to 42.8% from 43.5%. Net cash provided by continuing operations rose to $234 million from $184 million.Chairman and CEO Don Knauss said, "In the first quarter, we continued to invest in incremental demand-building programs to reinforce the value of our brands. As a result, despite continuing headwinds, we delivered sales and profit growth for the quarter and saw improved market shares in a number of our categories."Clorox continues to expect full-year earnings of $4.35 to $4.50 per share. Analysts expected earnings of $4.42 per share.Clorox shares gained 2.43% to $101.00 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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