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.
Buffalo Wild Wings (NASDAQ:BWLD) shares are trading lower by $7.30 (4.5 percent) at $142.50 from Tuesday's closing price of $149.80. The issue is under selling pressure after announcing a Q4 EPS miss of $0.45 along with a revenue shortfall of over $25 million.
After ending Tuesday's session at the low for the day, the issue continued in that direction in the after-hours session. Within minutes following the release, it declined to $138.75 before staging a rebound back into the $140.00 handle. That far exceeds its 2017 low from January 5 at $145.25.
This marks its first time under $140.00 since it bottomed on October 26 at $133.71. The following day it leaped to $143.20, when the Street strangely reacted very positive to a not so impressive Q3 report that came inline for EPS but had a $6.9 million revenue shortfall.
- Q4 EPS $0.87 vs $1.27 Est, Revenue $494.2M vs $514.35M Est Q4
- Comps Down 4%, Up 10.3% For FY16
- Sees FY17 Comps Up 1-2%, EPS $5.60-$6 vs $6.48 Est, Buybacks Of $450m-$500M
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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