Woolworths Annual Net Profit Down 15%


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.


Woolworths Ltd (OTC: WLWHY) reported a 15% drop in its annual net profit. Woolworths' net profit for the period fell to 1.82 billion Australian dollars (US$1.90 billion), versus A$2.12 billion, in the prior year. Its profit from continuing operations came in at A$2.18 billion, versus analysts' estimates of A$2.17 billion. Woolworths announced its plans to pay a final dividend of 67 Australian cents per share, versus 65 cents per share in the previous year.Woolworths shares closed at $68.70 yesterday.

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