January 7, 2011 11:35 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.
Shares of Robbins & Myers, Inc. (NYSE: RBN) are currently up 13.6% at $40.35 per share during Friday morning trading.The company announced on Friday morning that it had earned 44 cents per share, on total revenue of $163.9 million during its 1st fiscal quarter.According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 33 cents per share, on revenue of $149.56 million.President and Chief Executive Officer Peter C. Wallace said, "We are benefiting from growth in unconventional drilling, which includes both horizontal and directional rigs, as exploration and production companies invest to capture oil and gas from the shale formations."Today's trading range for shares of Robbins & Myers, Inc has been between $37.75 and a 52-week high of $40.42 per share.The consensus price target of analysts covering the company's stock is $34.71 per share.Volume of 1.2 million shares is already nearly triple the daily average volume of 441,000 shares.Robbins & Myers, Inc. (RBN) is a leading supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets.Read more
from Benzinga's Company news.
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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