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.
U.S. stock markets tumbled to two week-lows on Wednesday, driven by weakness in materials and healthcare stocks, which reflected anxieties around Yellen’s speech this Friday.
Shares of HP Inc (NYSE: HPQ) traded down more than 4.5 percent in Wednesday’s after-hours session, after the company reported its Q3 results. While EPS of $0.48 and revenues of $11.9 billion came in ahead of the Street’s consensus for $0.44 and $11.47 billion, guidance for the fourth quarter and full year fell short of expectations.
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Opposite was the case of Workday Inc (NYSE: WDAY), which gained more than 4.3 percent since the market closed, following its Q2 earnings report. Over the second quarter, the firm registered a net loss of $(0.04) per share, $0.02 larger than the Street envisioned. Revenue of $377.7 million, up 33.6 percent year-over-year, came in more than $5 million above expectations. Third quarter guidance for sales of $398 million to $400 million also fell short of the Street’s consensus of $401.1 million.
Also up on its Q2 results was Guess?, Inc. (NYSE: GES), which surged more than 14 percent on an earnings beat and increased guidance. While EPS of $0.14 beat expectations by $0.07, sales of $545 million fell short of consensus at $550.53 million.
Back to decliners, we’ve got Williams-Sonoma, Inc. (NYSE: WSM), which traded slightly down since the bell rang. Q2 EPS of $0.58 were in-line with expectations; however, revenue of $1.16 billion fell $10 million short of estimates, same as guidance.
Finally, there’s PVH Corp (NYSE: PVH), which was up almost 1 percent in after-hours, after EPS of $1.47 beat the Street’s consensus by $0.18, with revenue of $1.94 billion in line with expectations.
Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.
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.