UPDATE: Viacom Q4 Net Income Up 13%

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.

Viacom (NASDAQ: VIAB) reported a 13% rise in its fourth-quarter net profit. Viacom's quarterly net income surged to $650 million, or $1.26 per share, versus $576 million, or $1 per share, in the year-earlier period. Its adjusted profit climbed to $1.21 per share from $1.06 per share. Viacom's sales declined 17% to $3.36 billion. However, analysts were expecting earnings of $1.17 per share on sales of $3.41 billion.Viacom shares closed at $47.99 yesterday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!