November 5, 2014 8:05 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
In a report published Wednesday, D.A. Davidson analyst JB Groh reiterated a Buy rating and $65.00 price target on
Astronics Corporation (NASDAQ: ATRO).In the report, D.A. Davidson noted, “ATRO reported Q3 GAAP EPS of $0.75, in line with our GAAP estimate and the Street mean. Adjusted EPS came in at $0.79 and excluded $1.3 million related to inventory step-up. Other extraordinary items included ~$4.3 million ($0.13 per share) of increased amortization related to a recent acquisition and ~$1.7 million ($0.05) related to workforce reductions. A lower than expected tax rate was a $0.07 tailwind. Revenues expanded ~100% year-over-year (17.4% organic) to $179 million, above our estimate and the Street mean of $177 million. Overall operating margins of 19.4% (excluding all one-time items) were 300bp ahead of last year and 200bp ahead of our model.”Astronics Corporation closed on Tuesday at $50.98.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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