March 24, 2015 6:39 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.
(OTC: WOSYY) reported a net loss fell for the half year ended January 31, hurt by impairment charges.Wolseley posted a net loss of 58 million pounds ($86.8 million), versus a year-ago profit of GBP229 million. Loss per share came in at 22.2 pence, versus a profit per share of 84.8 pence. Headline EPS surged to 103.3 pence from 90.8 pence.Its profit before tax declined to 103 million pounds versus 312 million pounds, while profit from continuing operations slipped to 12 million pounds versus 225 million pounds.Its revenue from ongoing businesses climbed to GBP6.44 billion from 5.91 billion pounds. Trading profit from continuing businesses gained 11.1% to GBP390 million.The company's board declared a dividend of 30.25 pence per share, a rise of 10%.Wolseley shares fell 0.31% to close at $6.33 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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