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.
L Brands Inc (NYSE: LB) had plenty of good news for investors in a fourth-quarter sales report Thursday morning, but Wall Street wasn't biting in pre-market trading.
The clothing retailer posted fourth-quarter revenues of $4.395 billion, cruising past analyst estimates of $4.37 billion. The company is expected to report an EPS of $2.05 for the quarter in a fourth-quarter earnings report to be released February 25, above analyst consensus of $2.00 and L Brands' previous guidance of $1.85 to $1.95.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
L Brands chairman and CEO Leslie Wexner claimed the company had its "best year ever" in 2015, and announced some treats for shareholders.
The company raised its annual ordinary dividend from $2.00 to $2.40, will pay out a $2.00 per share special dividend, and will buy back $500 million in stock in 2016.
Wall Street wasn't energized by the report at time of writing, with L Brands shares trending slightly down before market open.
Image Credit: Public Domain27% 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.