Marks & Spencer Reports 10% Drop In First-Half Profit

by Benzinga Staff
November 8, 2011 5:11 AM | 19 seconds read

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.

Marks & Spencer Group PLC (OTC: MAKSY) reported a 10% decline in its first-half profit.Marks & Spencer's pretax profit, before tax and exceptional items, dropped to GBP315.2 million from GBP348.6 million, versus analysts' estimates of GBP311 million.Marks & Spencer's net profit for the period surged to GBP311.9 million, from GBP162.2 million, in the year-ago period.Marks & Spencer shares closed at $10.38 yesterday.

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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