March 18, 2015 5:02 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.
(OTC: SMGZY) reported a decline in its earnings for the six months to January 31. Smiths Group reported a pretax profit of 131 million pounds ($193.3 million) for the first half, versus a year-ago profit of GBP132 million. Excluding one-time items, the company's adjusted pretax profit slipped 3% to GBP208 million.Profit to shareholders dropped to 86 million pounds from 94 million pounds, while EPS declined to 21.6 pence from 23.6 pence.Its sales dropped 2% to GBP1.42 billion, while sales on an underlying basis rose 1%.Smiths Group lifted its dividend to 13 pence per share, compared to 12.75 pence per share. Free cash flow surged to GBP58 million from GBP30 million.Smiths Group named Rob White as interim Chief Financial Officer.Philip Bowman, Chief Executive, said, "Smiths Group delivered underlying revenue growth. Improvements at Smiths Medical, John Crane and Flex-Tek more than offset revenue declines at Smiths Detection and Smiths Interconnect where tough trading conditions persist. The reported results were held back by adverse foreign exchange."
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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