Arrium Projects 74% Decline In Annual Profit


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.


Australia's Arrium Ltd (OTC: OSTLY) said it projects a 74% decline in its annual profit. Arrium expects net profit in the financial year to be around 60 million Australian dollars (US$61 million), versus A$230 million, in the year-ago period. Its underlying net profit is projected to be at least A$190 million, versus A$235 million, in the year-ago period.

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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Posted In: EarningsNewsGuidanceprofit