November 12, 2014 4:33 PM | 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.
J C Penney Co (NYSE: JCP) beat third-quarter top-line expectations although sales were slightly below the Wall Street consensus.After trending up earlier Wednesday, the Plano, Texas retailer fell nearly 4 percent in the extended session, trading recently at $7.46 a share.The company posted flat same-store sales in the recent period, citing a slowdown in September and October as warm weather hurt the sale of fall goods.The company forecast fourth-quarter same-store sales growth of 2 percent to 4 percent with continued gains in gross margin versus year-earlier results.For the recent period, gross margin was 36.6 percent of sales, compared with 29.5 percent a year earlier. "Significant improvement" in product mix and margin on clearance sales helped the recent margin gain.Inventory in the recent period was $3.358 billion, down 10.4 percent compared to the same quarter last year.The company posted a third-quarter loss of $188 million or $0.62 cents a share from $489, or $1.94 a share in the year-earlier period.Sales were essentially flat at $2.764 billion compared with $2.779 billion last year. a third-quarter loss of $0.80 per share, on sales of $2.8 billion.Wall Street expected a third-quarter loss of $0.80 per share, on sales of $2.8 billion.
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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