January 22, 2015 7:37 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
(NYSE: BBT) reported better-than-expected earnings for the fourth quarter. Net income available to common shareholders surged to $557 million, or $0.76 per share, compared to $537 million, or $0.75 per share, in the year-ago period.Its revenue came in mostly flat at $2.38 billion in the quarter. However, analysts were expecting earnings of $0.73 per share on revenue of $2.33 billion.Net interest margin shrank 20 basis points to 3.36%. Noninterest expense declined $45 million to $1.4 billion for the fourth quarter. For the year, BB&T posted profit of $2.15 billion, on revenue of $9.16 billion."We are pleased to report record net income for the fourth quarter and full year 2014," said Chairman and Chief Executive Officer Kelly S. King. "These results were driven by very good expense control and strong performances from our mortgage banking, insurance and investment banking and brokerage businesses, which drove noninterest income to exceed $1 billion for the quarter.BB&T shares fell 0.34% to close at $35.64 yesterday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.