UPDATE: HSBC Posts Higher Q1 Profit


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.


HSBC Holdings PLC (NYSE: HBC) reported a surge in its net profit for the first quarter.HSBC's quarterly profit rose to $6.35 billion, versus $2.58 billion, in the year-ago period. Its underlying pretax profit jumped 34% to $7.59 billion from $5.65 billion. HSBC's underlying revenue climbed 5% to $17.56 billion from $16.8 billion.HSBC shares gained 2.38% to $57.13 in pre-market trading.

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.


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Posted In: EarningsNewsprofit