Cathay Pacific 2012 Net Profit Tumbles 83% - Cathay Pacific Airways (OTC:CPCAY)

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.

Cathay Pacific Airways (OTC: CPCAY) reported an 83% drop in its 2012 net profit.Cathay Pacific's net profit for the year tumbled to 916 million Hong Kong dollars (US$117.8 million), from HK$5.50 billion in 2011.In the first half, it posted a net loss of HK$935 million. However, analysts were expecting a 2012 net profit of HK$829.7 million.Its revenue for the year rose to HK$99.38 billion from HK$98.41 billion.Cathay Pacific shares closed at $9.09 yesterday.

27% profit every 20 days?

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