September 2, 2015 4:47 PM | 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.
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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.
(NASDAQ: FIVE) tumbled around 10 percent in after-hours trading after the company reported downbeat revenue for the second quarter and issued a weak forecast for the current quarter. However, the company reported in-line earnings for the second quarter. The Philadelphia, Pennsylvania-based company posted quarterly net income of $7.1 million, or $0.13 per share, versus $8.3 million, or $0.15 per share, in the year-earlier period. Its revenue climbed 19.5 percent year-over-year to $182.2 million from $152.5 million. However, analysts were expecting a profit of $0.13 per share on revenue of $184.69 million.The average estimate among 13 Estimize users was for earnings of $0.14 per share and revenue of $186.44 million.Its comparable-store sales increased 3 percent for the quarter. Operating income dropped to $11.6 million, compared to $13.3 million.During the quarter, Five Below opened 32 new stores. As of August 1, 2015, the company had $60.9 million in cash and cash equivalents.Joel Anderson, CEO said, "We believe our second quarter sales performance was curtailed by two one-time factors that occurred in the middle of the quarter. First, as part of our ongoing test and learn approach around our marketing strategy, we eliminated a summer circular. Second, we experienced temporary store receipt delays as we moved out of our existing east coast distribution center. We believe the combination of the two accounted for total sales coming in at the low end of our guidance range and the comp shortfall for the second quarter."For the third quarter, the company expects earnings of $0.06 to $0.07 per share on net sales of $164 million to $167 million. Analysts projected earnings of $0.08 per share on revenue of $167.50 million.For fiscal 2015, Five Below projects earnings of $1.03 to $1.06 per share on sales of $820 million to $828 million.Five Below shares dipped 10 percent to $34.21 in the after-hours trading session.
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