UPDATE: Citigroup Posts Downbeat Q4 Earnings - Citigroup (NYSE:C)

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.

Citigroup (NYSE: C) reported a strong rise in its fourth-quarter profit. Citigroup's quarterly profit surged to $2.69 billion, or $0.85 per share, versus a year-ago profit of $1.2 billion, or $0.38 per share. Excluding one-time items, it earned $0.82 per share.Its revenue declined 0.8% to $17.78 billion. However, analysts were projecting earnings of $0.95 per share on revenue of $18.18 billion. Citigroup shares fell 3.24% to $53.21 in pre-market trading.

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!