May 6, 2015 6:18 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: RIG) reported better-than-expected results for the first quarter on Wednesday.The Vernier, Switzerland-based company posted a quarterly loss of $438 million, or $1.33 per share, versus a year-ago profit of $456 million, or $1.25 per share. Excluding one-time items, Transocean earned $1.10 per share. Its revenue slipped to $2.04 billion, from $2.34 billion in the year-ago quarter. However, analysts were projecting a profit of $0.60 per share on revenue of $1.91 billion.The average estimate among 24 Estimize users was for earnings of $0.63 per share and revenue of $1.94 billion.Operating and maintenance expenses slipped $226 million from the previous quarter to $1.084 billion, while general and administrative expenses dropped $16 million sequentially to $46 million.Capital expenditures fell $117 million from the prior quarter to $201 million in the first quarter.Fleet utilization came in at 79 percent in the first quarter, versus 73 percent in the fourth quarter and compared to 78 percent in the year-earlier quarter.Transocean shares gained 1.84 percent to $19.34 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.