Woodside Petroleum Full-Year Profit Drops 41%

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.

Woodside Petroleum (OTC: WOPEY) reported a 41% drop in its full-year profit. Woodside's net profit for the year declined to US$1.75 billion, from a year-ago profit of US$2.98 billion. Its underlying profit slipped 17% to US$1.70 billion, versus analysts' estimates of US$1.80 billion.Woodside raised its final dividend payout to US$1.03 per share versus A$0.65 per share.Woodside shares closed at $35.03 yesterday.

27% profit every 20 days?

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