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.
JACKSONVILLE, Fla., July 9, 2015 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today reported total sales for the five-week period ended July 4, 2015 of $121.7 million, a 7.5 percent increase over total sales of $113.2 million for the five-week period ended July 5, 2014. Comparable store sales for the five-week period ended July 4, 2015 increased 5.8 percent from June 2014.
Total sales of $588.5 million for the twenty-two week period ended July 4, 2015 increased 6.7 percent from total sales of $551.7 million for the twenty-two week period ended July 5, 2014. Comparable store sales for the twenty-two week period ended July 4, 2015 increased 4.5 percent from comparable store sales for the period ended July 5, 2014.
Geographically, sales were consistently strong across all regions except the Northeast and Midwest which were more challenged.
The Company operated 269 stores at the end of June this year compared to 265 stores last year. Our store in Seminole, FL was closed during the month and will reopen in fall 2016 after the redevelopment of the center.
About Stein Mart
Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. Currently with locations from California to Massachusetts, as well as steinmart.com, Stein Mart's focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, shoes and home fashions.
SMRT-S
Additional information about Stein Mart, Inc. can be found at www.steinmart.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.
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