July 22, 2014 7:06 AM | 1 min read |
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.
Regions Financial (NYSE: RF) reported a 12% rise in its second-quarter profit.Regions Financial's quarterly net income surged to $300 million, from a year-ago profit of $267 million. Its per share-earnings, reflecting the payment of preferred dividends, also gained to $0.21 from $0.18. Its revenue fell 2% to $1.28 billion, while noninterest income declined 8% to $457 million. However, analysts were projecting earnings of $0.21 per share on revenue of $1.29 billion. The bank's net interest margin came in at 3.24%, versus 3.16% in the year-ago period. Its net interest income surged 1.7% to $822 million. Regions Financial's loan portfolio increased 1.1% versus the prior quarter to $77 billion, while consumer lending gained around 1% versus the earlier quarter to $29 billion.Grayson Hall, chairman, president and CEO said, “These results demonstrate continued momentum as we effectively execute our business plans.” Regions Financial shares declined 0.59% to close at $10.19 yesterday.
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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