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 Monday’s after hours movers.
Shares of Baidu Inc (ADR) (NASDAQ: BIDU) are down more than 6 percent since the bell, after losing 4.16 percent during the day. The company just reported earnings of $1.81 per share on revenue of $2.673 billion, slightly above the Street’s expectations of $1.80 per share and $2.58 billion.
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Despite the beat, the stock is falling as guidance fell short of Wall Street expectations.
On the other hand, Cadence Design Systems Inc (NASDAQ: CDNS) is up more than 3 percent in after-hours, following the announcement of the company’s second quarter financial results.
The SDE solutions developer reported earnings of $0.27 per share on sales of $415.88 million, versus the Street’s consensus estimate of $0.25 per share and $418.18 million. Despite having missed sales expectations, the earnings beat and a new $1.2 billion share buyback plan are diving the stock up.
The biggest loser of the evening is, so far, Amkor Technology, Inc. (NASDAQ: AMKR), which is down more than 12 percent after the company reported net sales of $737 million and earnings per diluted share of $0.04, well below the Street’s projections.
On the opposite sidewalk, the biggest winner is Qumu Corp (NASDAQ: QUMU), a micro-cap enterprise video content management software company that is up more than 10 percent in after-hours ahead of the announcement of the company’s quarterly earnings call, scheduled for Wednesday.
Finally, small-cap hardware provider Knowles Corp (NYSE: KN) is the biggest gainer in the New York Stock Exchange. The shares are up more than 6 percent since the bell rang, although the company reported a loss of $16.1 million for its second quarter. On a per share basis, the net loss amounts to ($0.19). Revenue of $240.9 million also missed the Street’s expectations.
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.