July 29, 2015 8:12 AM | 2 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.
(NYSE: HUM) reported a rise in its profit for the second quarter on Wednesday.The Louisville, Kentucky-based company reported a quarterly net profit of $793 million, or $2.85 per share, up from $646 million, or $2.19 per share, in the year-ago period. Excluding non-recurring items, the company's adjusted earnings came in at $1.67 per share.Its consolidated revenue climbed 12.4 percent year-over-year to $13.73 billion from $12.22 billion, while total premiums and services revenue gained 12.3 percent to $13.62 billion from $12.13 billion. Analysts were expecting earnings of $1.63 per share on revenue of $13.81 billion.The average estimate among 18 Estimize users was for earnings of $1.85 per share and revenue of $13.75 billion.As of June 30, 2015, Individual Medicare Advantage membership rose 14.8 percent year-over-year to 2,709,300, versus 2,359,000 at June 30, 2014. Group Medicare Advantage membership slipped 1.4 percent to 473,100 as of June 30, 2015, versus 479,700 at June 30, 2014.The consolidated benefit ratio expanded to 85.2 percent from 83.1 percent.The consolidated operating cost ratio narrowed 180 basis points year-over-year to 13.3 percent from 15.1 percent.During the quarter, the company repurchased 1,704,800 of its outstanding shares at an average price of $177.81 per share.At June 30, 2015, Humana had cash, cash equivalents, and investment securities of $11.13 billion, compared to $11.52 billion at March 31, 2015.Brian A. Kane, Humana's Senior Vice President and Chief Financial Officer, added, "While certain operational challenges impacted our second quarter results, we are encouraged by recent progress and appreciate the diligence with which our leaders and associates have worked to overcome these issues. We remain confident that Humana's strategic and financial prospects position us well for continued growth."The company projects Q3 earnings of $2.15 per share. The company reaffirmed its adjusted earnings estimate for FY 2015 of $7.75 per share.Humana shares gained 0.35 percent to close at $184.56 yesterday.
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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