March 5, 2015 6:29 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: CNQ) posted a rise in its profit for the fourth quarter and lifted its dividend.The Calgary, Canada-based company's quarterly net earnings jumped to C$1.20 billion, or C$1.09 Canadian cents per share. Excluding items, the company earned 69 Canadian cents per share. However, analysts were expecting earnings of 67 Canadian cents per share.In the quarter, the company produced 860,920 barrels of oil equivalent per day (boepd), a 27% rise versus the year-ago period.The company lifted its quarterly cash dividend to 23 Canadian cents per share, versus 22.5 Canadian cents per share.Its cash flow surged to C$2.37 billion, or C$2.16 per share.The company again lowered its capital budget by C$150 million ($120.74 million) to C$6.04 billion. Canadian Natural Resources shares rose 0.24% to close at $29.64 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.