27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
The Western Union Company (NYSE: WU) today reported financial results for the 2010 third quarter.
Financial highlights for the quarter included:
- Revenue of $1.3 billion, an increase of 1% compared to last year's third quarter
- Constant currency adjusted revenue increase of 3%
- Restructuring expenses of $14 million, or $10 million after-tax, related to organizational changes and other actions described in the Company's May 27, 2010 press release
- Operating income margin of 26%, or 27% excluding restructuring expenses
- EPS of $0.36, or $0.37 excluding restructuring expenses
- EPS of $0.38 on a constant currency basis, excluding restructuring expenses
- Year-to-date cash provided by operating activities of $710 million, including a $250 million reduction due to a first quarter refundable tax deposit
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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