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.
Viacom, Inc. (NASDAQ: VIAB) followed others in the entertainment sector to announce better-than-expected third quarter results.
The entertainment firm reported adjusted net earnings attributable to its shareholders of $419 million or $1.05 a share. In comparison, the company earned $591 million or $1.47 a share in the year-ago period suggesting that the adjusted profit dropped 29 percent on a year-over-year basis. However, the adjusted EPS were $0.04 a share more than the analysts' estimate of $1.01 a share.
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Viacom generated 2 percent higher revenue at $3.107 billion than $3.058 billion recorded in the previous year quarter. Analysts' predicted $3.01 billion revenue.
Rival Time Warner Inc (NYSE: TWX) reported EPS of $1.29, which was higher than the Street estimate of $1.16.
Viacom Chairman, President and CEO, Philippe Dauman, said, "In the quarter, Viacom continued to execute on our strategic plan by increasing investment in high-quality original content, enhancing our connection to audiences, accelerating the growth of data-driven advertising products and further expanding our unmatched global reach."
Following the news, the stock traded $0.50 or 1.14 percent higher at $44.49 in the pre-market on Thursday.
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.