February 5, 2015 8:58 AM | 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.
(NYSE: LAZ) reported better-than-expected earnings for the fourth quarter.The Hamilton, Bermuda-based company posted quarterly earnings of $172.4 million, or $1.29 per share, compared to $53.2 million, or $0.40 per share, in the year-ago period.Its net revenue climbed 3.5% to $633.9 million. However, analysts were expecting earnings of $1.06 per on revenue of $616 million.Lazard's financial advisory operating revenue climbed 14% to $359 million, while its strategic advisory segment revenue jumped 17% to $328 million.Operating revenue for the asset management business fell around 3% to $284 million.At the end of the quarter, assets under management were $197.1 billion, up 5.4% versus December 31, 2013. Lazard's operating expenses declined around 20% to $434.3 million."Lazard's results reflect strong performance across both our businesses," said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. "We have achieved our financial goals while investing in the firm and strengthening our market position. All of Lazard's stakeholders have benefitted from this achievement: our clients, our shareholders and our employees."Lazard shares gained 2.31% to $50.00 in pre-market trading.
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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