Bank of China 2012 Net Profit Up 12% - Bank Of China (OTC:BACHF)

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.

Bank of China (OTC: BACHF) reported a 12% rise in its net profit last year.The bank's net profit for the year climbed to 139.43 billion yuan (US$22.42 billion), from CNY124.28 billion, in the year-ago period. However, analysts were expecting a profit of CNY132.43 billion. The bank's net interest income surged 13% to CNY256.96 billion.Bank of China shares closed at $0.4670 yesterday.

27% profits every 20 days?

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