Angang Steel Posts Surge In Q3 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.


Angang Steel Co (OTC: ANGGY) reported a strong rise in its net profit for the third quarter.Angang Steel's quarterly profit surged to 346 million yuan ($56.6 million), versus a year-ago profit of 63 million yuan. EPS jumped to 0.048 in the quarter.Its revenue slipped 1.2% to 19 billion yuan from 19.24 billion yuan.

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