July 31, 2015 8:14 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.
(NYSE: PEG) reported upbeat earnings for the second quarter on Friday. The Newark, New Jersey-based company posted a quarterly net income of $345 million, or $0.68 per share, versus $212 million, or $0.42 per share, in the year-ago period. Excluding non-recurring items, the company's operating earnings climbed to $0.57 per share from $0.49 per share.Its revenue rose 2.9 percent year-over-year to $2.31 billion. However, analysts were expecting earnings of $0.54 per share on revenue of $2.26 billion.Operating earnings for PSE&G rose to $167 million, from $151 million in the year-ago quarter. Operating earnings for PSEG Power climbed to $110 million from $87 million, while operating earnings for PSEG Enterprise/Other gained to $12 million from $7 million.PSEG closed the quarter with $597 million of cash."We reported strong results for the second quarter," said Ralph Izzo, chairman, president and chief executive officer. He went on to say, "Our businesses performed well. PSE&G's expanded investment program is successfully translating into improvements in customer satisfaction at the same time operational improvements at PSEG Power supported increased output."PSEG now projects full-year earnings of $2.80 to $2.95 per share, versus prior outlook of $2.75 to $2.95 per share.PSEG shares gained 1.43 percent to close at $41.26 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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