July 7, 2015 8:33 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.
Cardtronics, Inc. (Nasdaq: CATM) today announced that it was notified by 7-Eleven, Inc. that 7-Eleven does not intend on renewing its ATM placement agreement with Cardtronics upon expiration of the agreement in mid-2017.7-Eleven announced that it has selected a related entity of 7-Eleven's parent company as its next ATM provider. The existing agreement between Cardtronics and 7-Eleven remains in full force and effect until mid-2017."We are proud of the service and unique products that we have delivered to 7-Eleven since 2007. While we are disappointed in this decision, we have every confidence in our business and the robust growth opportunities ahead of us," said Steve Rathgaber, chief executive officer of Cardtronics. "We will continue delivering service to 7-Eleven for the next two years while executing our growth strategies."Cardtronics does not expect this announcement to change its 2015 financial guidance, as issued on April 30, 2015. Additional information regarding the 7-Eleven agreement may be found in the company's public filings with the Securities and Exchange Commission.Safe Harbor StatementThis release contains forward-looking statements that relate to future events or performance. These statements reflect Cardtronics' current expectations, and Cardtronics does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond Cardtronics' control, which could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include many factors, including terms of the transition to the new service provider that have not yet been negotiated, existing related customer and vendor relationships and other "Risk Factors" set forth in Cardtronics' most recent Securities and Exchange Commission filings.
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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