Commonwealth Bank of Australia FY12 Net Profit Up 11% - Commonwealth Bank (OTC:CMWAY)

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.

Commonwealth Bank of Australia (OTC: CMWAY) reported an 11% surge in its net profit in fiscal 2012.The bank's net profit surged to 7.09 billion Australian dollars (US$7.4 billion). Its cash profit gained 4% to A$7.11 billion.Commonwealth Bank of Australia shares closed at $58.26 yesterday.

27% profit every 20 days?

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