Banco Santander Posts Rise In Q1 Profit

by Benzinga Staff
April 28, 2015 5:41 AM | 22 seconds read | Make a Comment

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.

Banco Santander, S.A. (ADR)

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(NYSE: SAN) reported a gain in its net profit for the first quarter. Banco Santander's quarterly net profit surged to EUR1.72 billion ($1.87 billion), versus a year-ago profit of EUR1.3 billion. EPS surged to 0.121 euro from 0.113.Its net interest income climbed to EUR8.04 billion, versus EUR6.99 billion. Revenue climbed 13 percent in the quarter, while lending increased 14 percent.Banco Santander shares rose 2.06 percent to $7.44 in pre-market trading.

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.

Posted In: EarningsNewsprofit

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