November 5, 2015 7:53 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: TIME) reported better-than-expected results for the third quarter on Thursday.The New York-based company reported a quarterly net loss of $913 million, or $8.30 per share, versus a year-ago profit $48 million, or $0.44 per share. The recent quarter included a $952 million goodwill impairment charge. On an adjusted basis, the company earned $0.32 per share.Its total revenue slipped 5.8 percent to $773 million. Analysts were projecting earnings of $0.27 per share on revenue of $769.3 million.Digital advertising revenue climbed 22 percent to $79 million for the quarter, while circulation revenue slipped 6 percent to $261 million.Production, editorial and other costs shrank 3.7 percent to $322 million for the latest quarter.Time's board authorized a share repurchase of up to $300 million.For the full year, Time now projects revenue to fall 5 percent to 6 percent, compared to a prior forecast of 3 percent to 6 percent.Time shares fell 0.52 percent to close at $19.03 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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