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. stocks continued to tumble on Thursday trading. Healthcare and consumer names were the primary culprits of the slip in the main indexes.
Synaptics, Incorporated (NASDAQ: SYNA) was down more than 5 percent after-hours, following the announcement it would be late in its 10-K filing. However, management said it expects to file within a week.
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Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) lost more than 2.3 percent. EPS of $1.43 and revenue of $1.07 billion (up 22 percent year-over-year) beat estimates by $0.03 and $10 million, respectively. However, weak guidance weighed on the stock.
GameStop Corp. (NYSE: GME) plummeted 7 percent, after Q2 results failed to impress investors. While EPS of $0.27 were in-line with the Street’s consensus, revenue of $1.63 billion fell $90 million short of expectations. In addition, management said same-store sales declined by 11 percent over the quarter, with new video game hardware sales down to 33 percent.
Other stocks moving on their earnings reports were:
- Splunk Inc (NASDAQ: SPLK), down more than 6 percent, even though top and bottom line results beat expectations.
- Autodesk, Inc. (NASDAQ: ADSK), up more than 2 percent on a large EPS and revenue beat and strong guidance.
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.