27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
U.S. markets closed down on Thursday trading, putting an end to a three-day run-up, as oil futures tumbled. Let’s take a look at what’s going on in the after-hours session.
Shares of H & R Block Inc (NYSE: HRB), which gained 2.52 percent on Thursday trading, ahead of its earnings report, continued to surge (more than 7 percent) in after-hours, following the announcement of the company’s fourth quarter financial results. EPS of $3.16 and revenue of $2.3 billion beat estimates by $0.01 and $20 million, respectively. In addition, management declared a 10 percent increase in its quarterly dividend, to $0.22 per share. The forward yield now stands above 4 percent.
Completely opposite was the case of Mattress Firm Holding Corp (NASDAQ: MFRM), which tumbled 2.24 percent during the day, and an extra 11.5 percent since the bell rang in the afternoon, driven by a top and bottom line miss. The company reported a first quarter net loss of ($0.10), $0.06 larger than the Street expected. Revenue of $839.39 million also missed estimates by $27.81 million, even though it came in 49.2 percent higher than a year ago.
Back to gainers, there’s Applied Materials, Inc. (NASDAQ: AMAT), which was up more than 1.5 percent since the market closed on Thursday, helped by the announcement of a new $2 billion share repurchase program, which will follow the previously announced the $3 billion stock buyback program. In addition, the company’s Board of Directors approved a quarterly cash dividend of $0.10 per share payable on September 15, to shareholders of record as of August 25.
Finally, Urban Outfitters, Inc. (NASDAQ: URBN) was down about 6.55 percent in after-hours trading, after the company warned that second quarter same-store sales in its retail segment were declining by mid single-digit percentage points.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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