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.
Weight Watchers International, Inc. (NYSE:WTW) shares are trading higher by $4.50 (32 percent) at $18.88 in Wednesday's session. After Tuesday's close, the company revealed a mixed Q4 report that beat for EPS by $0.02, but was shy on sales by $6.6 million.
However, the Street is emphasizing its higher FY 2017 guidance as the company forecasts EPS of $1.15-$1.25 vs. $1.15 estimates.
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As a result, the issue is having one its best days since Oprah Winfrey became involved in reviving the company. Last October, the issue bottomed at $5.70 and peaked at $28.05 the following month.
See Also: President Oprah? The Media Magnate Isn't Ruling It Out
A year-long decline took the issue to the $10.00 area before stabilizing and resuming its uptrend.
After a higher open, it retreated to $16.11 before continuing its move higher. So far, the ensuing rally took the issue to $19.86, but has fallen back to the $19.00 area. The issue hasn't traded in the $20.00 handle since January 2016, when it traded as high as $23.42, but ended the month at $12.69.
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.