27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
- BCE Inc (NYSE: BCE) reported first-quarter FY23 operating revenue growth of 3.5% year-on-year to C$6.05 billion.
- The company attributed the performance to a 0.9% increase in service revenue to C$5.22 billion.
- Product revenue increased 23.6% Y/Y to C$832 million.
- Total wireless operating revenue increased 5.4% Y/Y to C$ 1.72 billion.
- Total wireline data revenue rose by 2.5% Y/Y to C$2.00 billion.
- Wireline voice revenue declined by 5.8% Y/Y to C$726 million.
- Adjusted EBITDA declined by 1.8% Y/Y to C$2.54 billion, driven by Bell Wireless.
- The adjusted EBITDA margin declined 230 bps to 41.9% due to lower year-over-year media revenue.
- Adjusted EPS was C$0.85.
- BCE generated C$85 million in free cash flow.
- Glen LeBlanc would retire as CFO after 30 years of service, effective September 1, 2023. He will continue serving as Vice Chair Atlantic and Chair Northwestel.
- Currently SVP, Corporate Strategy & Treasurer, Curtis Millen will be promoted to CFO.
- Outlook: BCE expects FY23 revenue growth of 1% – 5% and adjusted EPS decline of (3)% – (7)%.
- Price Action: BCE shares traded lower by 0.70% at $47.64 on the last check Thursday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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