March 5, 2015 5:02 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.
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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.
(NASDAQ: FNSR) surged more than 5% in the after-hours trading session after the company reported results for the fiscal third quarter. The Sunnyvale, California-based company posted quarterly net income of $1.7 million, or $0.02 per share, compared to $27.1 million, or $0.26 per share, in the year-ago period. Excluding certain items, the company earned $0.25 per share.Its revenue gained to $306.3 million from $294 million in the year-ago quarter. However, analysts were expecting earnings of $0.25 per share on revenue of $305.8 million.Sales of products for datacom applications rose 8.5% versus the preceding quarter, while sales of products for telecom applications slipped 11.3% from the preceding quarter.Gross margin narrowed to 25.5% in the latest quarter, compared to 35.9%, in the year-ago quarter.At the end of the third quarter, the company had cash, cash equivalents and short term investments of $488.9 million, versus $477.4 million at the end of the preceding quarter."Although our gross margins declined primarily as a result of our annual telecom price reductions and low yields on a new optical engine product, we significantly decreased our operating expenses resulting in a minimal impact to our earnings," said Eitan Gertel, Finisar's Chief Executive OfficerFor the current quarter, Finisar projects earnings of $0.22 to $0.28 per share on revenue of $310 million to $330 million. Analysts had expected earnings of $0.23 per share on revenue of $308 million.Finisar shares climbed 5.51% to $21.45 in after-hours trading.
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