November 1, 2010 9:08 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.
Alere Inc. (NYSE: ALR) announced on Monday morning that it missed consensus Wall Street earnings estimates, while beating revenue expectations.Alere Inc reported a 3rd quarter net loss of $2.8 million, or 3 cents per share, compared to net income of $14.3 million, or 17 cents per share, a year earlier.Excluding special items, the company's earnings came in at 59 cents per share.The company's revenue rose to $538.7 million, up from $512.7 million a year earlier.According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 65 cents per share, on revenue of $533.42 million.Alere Inc. (ALR) closed the previous trading day at $29.55 per share. Analysts covering the company's stock give it a consensus price target of $38.78 per share.Read more
from Benzinga's Company news.
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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