January 29, 2015 4:59 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.
(NYSE: DB) posted a net profit in the fourth quarter.Deutsche Bank posted a quarterly profit of EUR438 million ($494 million), versus a year-ago loss of EUR1.36 billion. Analysts were expecting a loss of EUR289 million. Its revenue climbed to EUR7.83 billion versus EUR6.6 billion.Corporate Banking & Securities income before income taxes rose EUR 384 million year-over-year to EUR 516 million in the latest quarter, while Private & Business Clients IBIT fell by EUR 163 million to EUR 55 million. Global Transaction Banking IBIT gained by EUR 179 million to EUR 265 million, while Deutsche Asset & Wealth Management IBIT rose EUR 165 million to EUR 365 million.Jürgen Fitschen and Anshu Jain, Co-Chief Executive Officers of Deutsche Bank said, “While we are encouraged by many of our full-year and fourth-quarter business results, we are working hard to further manage our cost base, maintain our capital strength and increase our returns to shareholders. We look forward to updating the market, and all of our stakeholders, on the next phase of our strategy in the second quarter.”Deutsche Bank shares fell 3.29% to close at $27.93 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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