March 2, 2015 8:30 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: BID) reported weaker-than-expected earnings for the fourth quarter. The New York-based company posted quarterly net earnings of $74 million, or $1.06 per share, compared to $90.8 million, or $1.30 per share, in the year-ago period. Excluding non-recurring items, the company earned $1.12 per share. Its revenue climbed to $351.2 million from $339.2 million. However, analysts were expecting earnings of $1.28 per share on revenue of $338.1 million."We had a remarkable 2014, with double digit sales growth in many of Sotheby's key categories -- including Impressionist & Modern Art, Contemporary Art, Jewelry, Old Masters and American Art, among others. These successes highlight the incredible depth and breadth of Sotheby's expertise and demonstrate our ability to deliver for our stakeholders," said Chairman, President and Chief Executive Officer Bill Ruprecht.Sotheby's shares closed at $43.95 on Friday.
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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