January 25, 2012 7:34 AM | 1 min read |
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.
Air Lines (NYSE: DAL) today reported financial results for the December 2011 quarter. Key points include:Delta's net income for the December 2011 quarter was $379 million, or $0.45 per diluted share, excluding special items(. This is a $221 million improvement year over year. Delta's net income for 2011 was $1.2 billion, excluding special items, as the company offset $3 billion higher fuel expense through strong revenue performance and its fuel hedging program.Delta's GAAP net income was $425 million, or $0.50 per diluted share, for the December 2011 quarter and $854 million for 2011.2011 results include $264 million in profit sharing expense, including $89 million in the December quarter, recognizing Delta employees' contributions toward meeting the company's operating and financial goals.Delta's adjusted net debt at the end of 2011 was $12.9 billion, a $4.1 billion reduction from 2009.
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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