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.
July 9, 2011 (FinancialWire) -- Friday's U.S. markets trading session was kept essentially in-check by a balance of gains from companies such as Anoorag Resources (AMEX: ANO) and Almaden Minerals (AMEX: AAU), coupled with losses by companies such as by Autoliv (NYSE: ALV) and Trw Automotive (NYSE: TRW).
Among U.S. equities, precious metals shares led all sectors on Friday, with Anoorag Resources' 4.1% gain and shares of Almaden Minerals 3.3% gain leading the way. Precious metals in-general traded relatively flat on the day Friday.
Cigarette & tobacco shares also made a relatively strong showing on U.S. exchanges Friday. The group was down by about 0.2% on the day, with British American Tobacco's (AMEX: BTI) 1% gain and Vector Group's (NYSE: VGR) 0.2% advance leading the way.
Lowest-performing U.S. equity sectors for Friday included construction materials & machinery stocks, down by about 2.9% on the day. Eagle Materials (NYSE: EXP) lost about 6.3%, and CHR was down by about 5% on the day.
Also underperforming relative to the Market on Friday was the auto parts sector, by about 2.7% on the day. The group was weighed-down the most by Autoliv's 9% decline and Trw Automotive's 7.5% loss.
=========
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Contact FinancialWire(tm) directly via inquiries@financialwire.net. Copyright (C) MMXI, FinancialWire(tm); All rights reserved.
http://www.financialwire.net
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.
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!