August 30, 2011 10:06 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.
At 9:55 am, the Dow fell 0.78% to 11,449.60, the broader Standard & Poor's 500 index moved down 0.92% to 1,198.90 and the NASDAQ composite index dropped 0.79% to 2,541.98.The industries that are still afloat in the market today are:Nonmetallic Mineral Mining: This industry jumped 1.89% by 9:55 am. The top stock within the industry was SinoCoking and Coke Chemical Industries Inc (NASDAQ: SCOK), which rose 4.2%. SCOK's trailing-twelve-month ROE is 197.32%.Music & Video Stores: This industry rose 1.42% by 9:55 am ET. The top performer in this industry was Hastings Entertainment Inc (NASDAQ: HAST), which gained 0.03%. HAST shares have dropped 56.30% over the past 52 weeks, while the S&P 500 index has gained 15.36% in the same period.Silver: This industry moved up 1.36% by 9:55 am, with Silvercorp Metals Inc (NYSE: SVM) moving up 3.5% to gain the top spot. SVM reported that its annual general meeting is scheduled to be held on September 23. Drug Related Products: The industry, which gained 1.15%, saw Perrigo Company (NASDAQ: PRGO) as the top gainer. PRGO's shares rose 2.3%. PRGO received final approval from the US Food and Drug Administration (FDA) for Ketoconazole Foam, 2%.
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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