February 20, 2015 7:22 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: B) reported better-than-expected earnings for the fourth quarter.The Bristol, Connecticut-based company posted quarterly net income of $31.5 million, or $0.57 per share, compared to $26.8 million, or $0.48 per share, in the year-ago period. Income from continuing operations surged to $33.3 million, or $0.60 per share, from $26.3 million, or $0.47 per share. On an adjusted basis, the company's income from continuing operations rose 9% to $0.62 per share.Its revenue gained 6.6% to $310.2 million. However, analysts were estimating earnings of $0.61 per share on revenue of $313.86 million.Industrial sales climbed 8% to $198.2 million in the quarter, Aerospace sales rose 4% to $112.0 million."Barnes Group's continued execution of its profitable growth strategy has delivered another year of excellent financial performance with an impressive 250 basis point gain in adjusted operating margin and a 28% increase in adjusted earnings from continued operations," said Patrick J. Dempsey, President and Chief Executive Officer of Barnes Group Inc.For the full year, Barnes Group projects earnings of $2.42 to $2.57 per share. It also expects 2015 organic revenue growth of 6% to 9% and total revenue growth of 3% to 6%.Barnes Group shares fell 0.64% to close at $37.20 yesterday.
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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