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.
Shares of General Electric Company (NYSE: GE) traded slightly up on Thursday, ahead of the announcement of the company’s second quarter financial results Friday morning. According to Estimize, the company is expected to deliver a year-over-year decline in earnings in the high teens.
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In the second quarter of 2014, earnings came in at $0.39 per share, and revenue at $36.233 billion. For the current quarter, the Street is modeling consensus earnings of $0.31 per share on sales of $28.827 billion, while the crowd anticipates earnings of $0.34 per share on revenue of $30.169 billion.
It should be noted from the chart above that General Electric has a history of meeting estimates.
The second chart illustrates the evolution of sentiment over time. Consensus estimates for both the Street and the crowd now stand at their lowest, after sentiment turned increasingly bearish as earnings got closer.
Analyst Ratings & Institutional Support
Several major Wall Street research firms weighed in on GE recently. Barclays maintains an Overweight rating and $33.00 price target, while RBC Capital rates the stock an Outperform, with a $30.00 price target.
The Vanguard Group last disclosed ownership of 561,340,433 shares, worth almost $14 billion, after adding 21,301,378 shares to its holdings over the last reported quarter.
Ken Fisher’s Fisher Asset Management last declared a 1 percent increase in its exposure to the stock, which now amounts to 30,351,992 shares.
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.