Crown FY12 Net Profit Up 53%


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.


Crown Ltd (OTC: CWLDY) reported a 53% rise in its net profit for fiscal 2012.Crown's net profit for the period climbed to 513.3 million (US$542.6 million), versus A$335.9 million, in the year-ago period Its normalized profit rose 22% to A$415 million, from A$340.3 million. Crown also announced its plans to pay a final dividend of 19 Australian cents per share.

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: EarningsNewsprofit