April 15, 2016 10:00 AM | 1 min read |
Shares of
Ixia
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.
(NASDAQ: XXIA) were trading lower by more than 18 percent after the company provided an
update to its first quarter outlook.Ixia provides testing, visibility and security solutions. The company said after Thursday's market close that it now expects to earn $0.05 per share to $0.08 per share in the first quarter on revenue of $108 million to $111 million.Ixia previously guided its earnings per share for the first quarter to a range of $0.10 to $0.14 on revenue of $121 million to $126 million. Wall Street analysts were expecting the company to earn $0.12 per share on revenue of $123.3 million."We are disappointed with our first quarter results. Our topline performance was primarily impacted by an unexpected and marked slowdown in network test spending from our North America network equipment manufacturer customers in March, and we continued to experience delays in closing network visibility deals," said Bethany Mayer, Ixia's president and chief executive officer. "Despite these near-term headwinds, we remain confident in our strategy to grow our business and are committed to financial discipline."Ixia also stated that it will report its full financial results on May 3, 2016 after market close.
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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