August 23, 2011 3:22 AM | 1 min read |
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
On CNBC's Mad Money, Jim Cramer said during the Lightning Round that USG Corp (NYSE: USG) is “totally the wrong stock down here. It could go below $5." Cramer said, “Everybody hates Caterpillar (NYSE: CAT) but I have liked it for years. I'm not going to cut and run now. I like it as it approaches a 3.5% yield." For Peabody Energy (NYSE: BTU), he said, "Coal and copper and oil are all going down. I'm shocked it's so low. There is a coal super cycle going on and I'm a buyer." Cramer said that Philip Morris International (NYSE: PM) had a “monster quarter. This is one of my favorite stocks, even though I don't like tobacco." For Enterprise Products Partners (NYSE: EPD), Jim said, "Every one of the partnerships are going down on tax concerns. I think the stock is dirt cheap, but beware of the negative chatter." He said that Ford Motor (NYSE: F) is an “auto company and the first stocks people sell in a slowdown are auto companies. There is no one that's going to buy Ford going into a recession."Read more on Jim's Views On Benzinga
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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