Paychex, Inc. (NASDAQ:PAYX) shares are trading lower by $1.00 (2 percent) at $57.68 in Wednesday's session.
The stock is in the red despite a Q4 EPS beat of a penny along with a slight sales beat. Perhaps the Street was looking for better than its FY 2018 payroll services being up more than 1-2 percent and HRS sales up more than 8-10 percent.
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.
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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.
After a lower open, Paychex attempted to rally but found sellers at $58.00 and continued its move lower. The ensuing decline took the stock all the way to $56.56 before mounting a rebound. That low coincides perfectly with its May 17 low of $56.57.
At this time, the stock is re-approaching its early-morning high climbing as high as $57.72 as of 11:15 a.m. EST.