May 6, 2015 5:47 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.
Shares of
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: WFM) tumbled over 10 percent in after-hours trading after the company reported results for its fiscal second quarter.Its same-store sales on a constant currency basis gained 3.6 percent in the quarter, versus a 4.5 percent growth, in the year-ago quarter. Analysts had expected a 5.3 percent growth in same-store sales.The Austin, Texas-based company reported a quarterly profit of $158 million, or $0.44 per share, versus a year-ago profit of $142 million, or $0.38 per share.Its revenue rose around 10 percent to $3.65 billion. However, analysts were projecting earnings of $0.43 per share on revenue of $3.70 billion.The average estimate among 57 Estimize users was for earnings of $0.43 per share and revenue of $3.72 billion.SG&A rose 29 basis points to 28.2 percent of sales in the quarter.Whole Foods ended the quarter with total cash and cash equivalents, restricted cash, and investments of around $1.1 billion."Our results reflect another quarter of record sales and healthy returns on invested capital," said John Mackey, co-founder and co-chief executive officer of Whole Foods Market. "Our Whole Foods Market brand has helped lead the shift in consciousness toward fresh, healthy foods by offering the highest quality, broadest selection, and best customer service, and we believe we can triple the number of Whole Foods Market stores in the United States. At the same time, we also see an opportunity to leverage our long history of retail innovation and extend our reach in the marketplace."The company reaffirmed its guidance for fiscal year 2015.Whole Foods Market shares dipped 10.73 percent to $42.60 in the after-hours trading session.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.