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.
Let’s take a look at some of the most relevant after-hours movers from Wednesday.
Moving After Earnings
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Two stocks are moving in after-hours, following their earnings reports on Wednesday afternoon.
Alcoa Inc (NYSE: AA) is strangely up 0.76 percent, despite having missed earnings estimates. However, it should be noted that the stock had lost 5.11 percent during the day.
The lightweight metals manufacturer reported earnings of $0.19 per share, below the Street’s consensus of $0.23 per share; however, revenue came in at $5.897 billion, above experts’ estimate of $5.82 billion.
WD-40 Company (NASDAQ: WDFC) also reported disappointing results, and the stock is down about 4.6 percent in after-hours, after having surged 1.8 percent during the trading day. WD-40’s earnings came in at $0.75 per share, one cent below consensus, while sales stood at $92.49 million – versus the Street’s estimate of $99.4 million.
Other Movers
Only one stock in the Nasdaq exchange seems to have lost more than WD-40. This stock is Anthera Pharmaceuticals Inc (NASDAQ: ANTH). After tumbling 3.47 percent during Wednesday trading, the stock plummeted an extra 11.87 percent after the bell and is now trading at $8.34, after the company announced its intentions to sell some of its Common Stock in an underwritten Public Offering.
Among the biggest winners in the NYSE is Herbalife Ltd. (NYSE: HLF), which lost 4.26 percent during the day, but is up 4.08 percent in after-hours. The late-Wednesday surge could have been triggered by the announcement that the company had been finally awarded a Job Development Investment Grant, which had been approved back in 2013.
Finally, shares of Alibaba Group Holding Ltd (NYSE: BABA) are down 0.3 percent in after-hours, after a 2.06 percent decline over the trading session. The late-Wednesday move, however, was driven by the news (or rumor, actually) of the Chinese company preparing to invest more than $100 million in Mei.com.
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.