UPDATE: Sunoco Posts Q2 Profit - Sunoco (NYSE:SUN)

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.

Sunoco (NYSE: SUN) posted a profit in the second quarter.Sunoco posted its quarterly profit at $248 million, or $2.35 per share, versus a year-ago loss of $125 million, or $1.03 per share. Excluding other items, Sunoco's adjusted earnings came in at $1.22 per share. However, analysts were expecting earnings of $0.48 per share. Revenue climbed 8.5% to $12.22 billion. Sunoco's refining segment posted a profit of $87 million, versus a year-ago loss of $44 million.Sunoco shares closed at $47.37 yesterday.

27% profit every 20 days?

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