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.
Ethiopian authorities said in a press conference Thursday that initial findings from an investigation of a 737 MAX crash that killed 157 people found that the pilots followed Boeing Co (NYSE:BA)'s approved emergency procedures.
What Happened
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!
Air accident investigators in Ethiopia said a flight-control system was activated repetitively during the first six minutes of the flight, The Wall Street Journal reported. This resulted in the plane's nose being pushed down.
The authorities have yet to draw a firm conclusion on what caused the crash, but they are recommending Boeing review its system, WSJ said. The authorities have yet to publicly release the preliminary report, which was submitted to the International Civil Aviation Organization.
Why It's Important
Boeing faces the pressure of taking the necessary steps to fix its system and "defend the future safety" of its 737 MAX, WSJ said. The final report on the Ethiopian crash could take a year to complete,
The jet model is grounded worldwide.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
What's Next
One of the biggest questions investigators will look at is why, if the pilots followed Boeing's standard procedures to circumvent the flight control system, the incident ended in a crash.
Boeing said after a similar 737 MAX fatal crash in Indonesia last year that its procedures would have worked, WSJ said.
The U.S. Department of Justice and other government agencies will continue investigating if Boeing offered misleading or incomplete information in order to win safety certification for the plane.
Related Links:
Boeing Announces 737 MAX Software Update; Feinseth Says To Buy Weakness In Jet Manufacturer's Stock
Argus Downgrades Boeing On Near-Term 737 Max Risk
Photo by Acefitt/Wikimedia.
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.