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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- As optimism over the housing market continued in the quarter, the company notes that home owner desire to invest in their homes has been the highest since 2006.
- All 12-product companies generated positive comps.
- Comp sales were driven by an increase in comp average ticket and an increase in comp transactions.
- Fashion fixtures, millwork produced above-average comps.
- No net inflation impacts were noticed.
- Professional unit comps grew at a higher pace than the company average.
- Big ticket purchases above $500 rose by nine percent.
- Gross margin declines of nine percent in the quarter were driven by promotions.
- Lowe's is adding more store space for holiday decorations.
- The ongoing port disturbance in the west coast won't impact holiday inventory
- Impact on promotions will be the same as it was in the third quarter, largely focused around appliances.
- Management will share a long-term vision for the business at an investor and analyst conference on December 11.
- Total share repurchases are estimated to be $3.7 billion, $300 million more than previously projected.
- Higher level of share buybacks attributed to lower capital expenditures.
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.