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.
Western Digital Corp (NASDAQ: WDC) increased its earnings and revenue forecast for the first quarter.
The company indicated that it expects first quarter EPS, on an adjusted basis, to be $1.00 to $1.05, up from the previous guidance of $0.85 to $0.90. The revised forecast is higher than the Street estimates of $0.90.
Similarly, Western Digital lifted its revenue outlook from $4.4-$4.5 billion to $4.45-$4.55 billion. Analysts are looking for revenue of $4.45 billion.
The company attributed the upward revision in the outlook to the strong ongoing execution following the integration of SanDisk and HGST subsidiaries. In a statement, the company said, "Net interest expense is forecasted to be lower than previously expected due to the recently completed re-pricing of the company's U.S. Term Loan B debt."
Following the news, the stock advanced $2.60, or 5.47 percent, to $50.15 in the pre-market on Wednesday.
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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