UPDATE: BP Posts Higher Q1 Profit - BP (NYSE:BP)

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.

BP PLC (NYSE: BP) posted a surge in its first quarter. Its replacement cost profit jumped to $16.60 billion, from $4.78 billion, in the year-ago quarter. Excluding one-time items, its profit fell 9.4% to $4.22 billion, versus estimates of $3.25 billion. BP announced a quarterly dividend of 9 cents per share. Its revenue climbed to $107.21 billion, from $97.42 billion.BP shares gained 3.52% to $44.13 in pre-market trading.

27% profits every 20 days?

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