May 4, 2015 6:10 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.
(NYSE: RGR) reported a drop in its earnings for the first quarter on Monday.The Southport, Connecticut-based company posted quarterly net income of $15.5 million, or $0.81 per share, compared to $24.3 million, or $1.22 per share, in the year-ago period.Its total net sales slipped to $136.95 million from $169.88 million. However, analysts were projecting earnings of $0.65 per share on revenue of $117.47 million. The average estimate among 21 Estimize users was for earnings of $0.70 per share on revenue of $126.22 million.The company's board declared a dividend of $0.32 per share for the first quarter.During the first quarter, Sturm, Ruger returned $6.0 million to its shareholders.Sturm, Ruger shares fell 3.60 percent to $56.45 in the after-hours trading session.
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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