February 1, 2011 8:38 AM | 1 min read
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.
Oceanport, New Jersey-based CommVault Systems, Inc. (Nasdaq: CVLT) on Tuesday morning released financial results that beat Wall Street expectations.CommVault Systems, Inc reported that its 3rd quarter net income rose to $7.3 million, or 16 cents per share, up from $5.4 million, or 12 cents per share, a year earlier.Excluding special items, the company earned 22 cents per share.CommVault Systems, Inc reported revenue of $83.63 million, up 18% from $70.7 million a year earlier.A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 21 cents per share, on revenue of $78.08 million.Chairman, president and CEO N. Robert Hammer said, “We achieved an excellent third quarter which was highlighted by record quarterly revenues of $83.6 million and record Non-GAAP operating income of $15.0 million."CommVault Systems, Inc. (CVLT) ended the previous trading session at $30.89 per share. Analysts covering the company's stock have a consensus price target of $30.88 per share.CommVault Systems, Inc develops solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks.Read more
from Benzinga's Company news.
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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