Portugal Telecom Q1 Net Profit Drops 57%

by Benzinga Staff
May 17, 2012 5:12 AM | 25 seconds read | Make a Comment

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.

Portugal Telecom SGPS SA (NYSE: PT) reported a drop in its net profit in the first quarter.Portugal Telecom's quarterly net profit fell to EUR56.5 million, from EUR129.7 million, in the year-ago period. However, analysts were expecting net profit of around EUR46.2 million.Its operating revenue rose to EUR1.72 billion from EUR871.1 million, while operating costs climbed to EUR1.14 billion from EUR513.7 million.PT's earnings before interest, taxes, depreciation and amortization surged to EUR571.7 million from EUR357.4 million.PT shares closed at $4.97 yesterday.

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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