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.
Phillips 66 (NYSE: PSX) announced fourth-quarter results Friday. The energy company posted EPS of $1.31 compared to $1.25 estimates.
The company issued a $0.56 quarterly dividend and paid out $2.7 billion to shareholders in 2015.
Oil competitor Chevron Corporation (NYSE: CVX) reported a loss of $0.31 a share for the fourth quarter, a huge swing from Q4 2014 earnings of $1.85 a share.
Revenue came in at $29.2 billion, beating analyst expectations of $28.7 billion.
“Our 2015 earnings were down significantly from the previous year, reflecting a nearly 50 percent year-on-year decline in crude oil prices,” said Chevron chairman and CEO John Watson.
Phillips and Chevron were both trending down slightly below 1 percent at time of writing.
Image Credit: Public Domain27% 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!