November 10, 2014 8:51 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.
Rayonier (NYSE: RYN) reported better-than-expected earnings for the third quarter.The Jacksonville, Florida-based company posted a quarterly profit of $32.7 million, or $0.25 per share, versus a year-ago profit of $57.4 million, or $0.44 per share. Excluding non-recurring costs, the company earned $0.27 per share.Its sales slipped 6% to $149.8 million. However, analysts were expecting earnings of $0.19 per share on revenue of $181 million.Sales for the forest resources segment fell $3 million to $108 million in the quarter, while sales for real estate segment gained $13 million to $27 million.The company announced its plans to realign its strategy. It also restated results for the first half of this year and lowered its quarterly dividend to $0.25 per share from $0.30 per share.“Despite a number of organizational challenges, Rayonier posted solid results in the third quarter of 2014, which was our first full quarter of operations following the spin-off of the Performance Fibers business,” said David Nunes, Rayonier's chief executive officer.For 2015, the company expects operating income of $85 million to $105 million range and adjusted EBITDA of $200 million to $220 million.Rayonier shares gained 0.68% to close at $33.90 on Friday.
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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