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 Advanced Micro Devices, Inc. (NASDAQ: AMD) were up more than 2.5 percent in Thursday’s after-hours session, following the company’s third-quarter earnings call. The chipmaker reported a net loss of ($0.17) per share on revenue of $1.061 billion, missing the Street’s consensus earnings estimate of ($0.11) per share, but beating on the revenue front, where expectations stood at $995 million, below guidance of $998.5 million.
The company also announced a new joint venture with China’s Nantong Fujitsu Microelectronics and a corporate restructuring plan aimed at reducuing operating expenses.
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Wynn Resorts, Limited (NASDAQ: WYNN) was down more than 2.5 percent on its earnings report. Earnings of $0.86 per share came in below $0.88 estimate; revenue of $996.29 million fell short of expectations for earnings around $1.03 billion.
Schlumberger Limited. (NYSE: SLB), lost roughly 0.4 percent after the bell. Earnings of $0.78 per share beat experts' expectations for EPS of $0.76. However, sales of $8.472 billion failed to meet the consensus estimate of $8.556.
The revenue miss was mainly driven by a continuing decline in rig activity and persistent pricing pressure throughout our global operations," management said. Going forward, the company anticipates conditions will get even more “challenging.”
Another stock declining on its earnings report is Mattel, Inc. (NASDAQ: MAT), down more than 2.3 percent since the market closed. The toymaker delivered earnings of $0.71 per share on revenue of $1.792 billion, missing the Street’s consensus of $0.79 per share on revenue of $1.887 billion.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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.