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.
Skyworks Solutions Inc (NASDAQ: SWKS) had surprises in its fourth-quarter filing released Thursday, smashing analyst expectations amid fears of a smartphone slump earlier in the week.
The company posted revenue of $927 million in the last three months of fiscal 2015. Analysts sought a figure of $919.6 million. Diluted EPS came to $1.82, up 57 percent from the same quarter last year. Wall Street was looking for EPS of $1.58.
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Skyworks' board of directors announced a $0.26 per share dividend that will be paid out on March 3.
Related Link: Do Apple And Xiaomi's Numbers Bode Poorly For China's Smartphone Market?
"We continue to increase our addressable content, gain market share and capitalize on global demand for ubiquitous network access," said chairman and CEO David J. Aldrich. "We are uniquely positioned to sustainably outperform the broader semiconductor industry."
The company issued a guidance of $1.24 for Q2 2016, falling short of $1.33 that analysts expected. While strong Q4 results might inspire investor confidence, the adjusted guidance reveals that some uncertainty remains in the smartphone market going deeper into 2016.
Skyworks stock was up 4 percent at $67.50 in Friday's pre-market action.
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.