May 11, 2015 7:25 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.
(NYSE: BID) reported stronger-than-expected results for the first quarter on Monday. The New York-based company posted quarterly net income of $5.2 million, or $0.07 per share, versus a year-ago loss of $6.1 million, or $0.09 per share. Its adjusted earnings came in at $0.11 per share. Its revenue slipped to $155.7 million from $156.8 million. However, analysts were projecting a profit of $.00 per share on revenue of $152 million.The average estimate among 4 Estimize users was for a loss of $0.02 per share and revenue of $150.58 million.Adjusted operating income climbed 127 percent year-over-year to $22.2 million, from $12.4 million.President and Chief Executive Officer Tad Smith said, "Our Company delivered significant profit growth in the quarter as compared to last year through strong sales in Old Masters, Impressionist & Modern and Contemporary Art. These successes highlight the depth and breadth of Sotheby's expertise. We are off to a good start in 2015."Sothebys shares rose 0.16 percent to close at $43.71 on Friday.
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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