UPDATE: J.P. Morgan Posts Upbeat Q1 Profit, Lifts Dividend - JPMorgan Chase (NYSE:JPM)

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.

J.P. Morgan Chase & Co (NYSE: JPM) reported a drop in its first-quarter profit. J.P. Morgan's quarterly profit declined to $5.38 billion, or $1.31 per share, versus $5.56 billion, or $1.28 per share, in the year-earlier period. Its quarter-end share count fell 4% y/y as it bought back stock. Its revenue climbed 6% to $26.7 billion from $25.2 billion. However, analysts were expecting earnings of $1.16 per share on revenue of $24.4 billion. J.P. Morgan lifted its quarterly dividend to $0.30 per share versus $0.25 per share and authorized a $15 billion stock buyback program. JPM shares gained 0.91% to $45.25 in pre-market trading.

27% profits every 20 days?

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