January 21, 2015 7:31 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.
(NASDAQ: FITB) reported upbeat earnings for the fourth quarter.The Cincinnati, Ohio-based bank posted a quarterly profit of $385 million, or $0.43 per share, compared to $402 million, or $0.43 per share, in the year-ago period.Its revenue dropped to $1.54 billion from $1.61 billion. However, analysts were estimating earnings of $0.42 per share on revenue of $1.51 billion.Mortgage banking revenue declined 51% to $61 million, while corporate banking revenue rose 27% to $120 million. Card and processing revenue climbed 7% to $76 million.Net interest income dropped $17 million y/y in the quarter, while he net interest margin shrank 25 bps y/y.Average securities and other short-term investments rose to $27.6 billion in the quarter from $23.0 billion in the year-ago quarter.Average loan and lease balances (excluding loans held-for-sale) rose 4% y/y, while average core deposits gained 8% versus the year-ago quarter.Kevin T. Kabat, Vice Chairman and CEO of Fifth Third Bancorp said, “We continued to prudently and actively manage our capital position, reducing our share count by another 4 percent in 2014. Fifth Third performed very well in 2014, and we made a number of decisions throughout the year to reduce risk and volatility of earnings, and we feel the Company is well positioned as we enter 2015.”Fifth Third Bancorp shares fell 1.20% to close at $18.08 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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