June 14, 2011 6:50 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.
GSI Technology (Nasdaq: GSIT) today noted that on June 10, 2011, Cypress Semiconductor Corporation filed a complaint against GSI with the United States International Trade Commission. As previously announced, Cypress had earlier filed a complaint against GSI in the United States District Court for the District of Minnesota alleging five counts of patent infringement, principally related to GSI's Sigma Quad™ and Sigma DDR™ families of SRAM memory products. The ITC complaint alleges infringement by GSI of three of the five patents involved in the District Court case and one additional patent and also alleges infringement by two of GSI's distributors and three of GSI's customers who allegedly incorporate GSI's SRAMs in their products. The ITC complaint seeks a limited exclusion order excluding the allegedly infringing SRAMs, and products containing them, from entry into the United States and permanent orders directing GSI and the other proposed respondents to cease and desist from selling or distributing such products in the United States. To date, the ITC has not instituted an investigation proceeding in response to Cypress' complaint.
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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