January 6, 2015 5:50 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.
A. Schulman Inc. NASDAQ: SHLM) gained nearly 2 percent in Tuesday's extended session after the company beat first-quarter earnings expectations and reaffirmed its 2015 outlook.The Akron, Ohio, supplier of plastic compounds and resins continues to expect 2015 adjusted income of $2.60 to $2.65 a share, but said a slow global economy and currency fluctuation will make 2015 "challenging."Analysts expect 2015 earnings of $2.61 a share.The company posted net income from continuing operations of $13.2 million, or $0.45 a share, compared with $12.4 million, or $0.43 a share a year earlier.Sales grew 5 percent to $615.1 million, from $585.4 million in the prior-year quarter.Adjusted income equaled $0.63 a share, up about 10 percent from last year.Wall Street expected adjusted earnings of $0.60 cents a share, on sales of $644.4 million.Shulman changed hands recently at $37 a share, up $0.69 cents.
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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