UPDATE: Westlake Chemical Posts Higher Q4 Profit - Westlake (NYSE:WLK)

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.

Westlake Chemical (NYSE: WLK) reported a surge in its fourth-quarter profit.Westlake's quarterly profit rose to $95.3 million, or $1.42 per share, from $26.4 million, or $0.40 per share, in the year-ago period. Its revenue declined 6.8% to $801 million. However, analysts were expecting earnings of $1.22 per share on revenue of $829.5 million. Its gross margin rose to 23.8% from 9%.Westlake shares closed at $91.83 on Friday.

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!