UPDATE: Smucker Q4 Profit Up 10% - JM Smucker (NYSE:SJM)

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.

J.M. Smucker Co (NYSE: SJM) reported a 10% rise in its fourth-quarter profit. Smucker's quarterly profit rose to $104.1 million, or $0.93 per share, versus $94.9 million, or $0.82 per share, in the year-earlier period. Its adjusted profit came in at $1.10 per share. Smucker's sales climbed 14% to $1.36 billion. However, analysts were expecting earnings of $1 per share on sales of $1.36 billion. Smucker projects adjusted 2013 earnings of $5 to $5.10 per share, versus analysts' estimates of $5.24 per share.Smucker shares closed at $76.05 yesterday.

27% profit every 20 days?

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