November 21, 2011 7:01 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.
Fuel Tech, Inc. (NASDAQ: FTEK) today announced receipt of multiple air pollution control orders totaling $6.0 million. The largest of these orders, placed by a major utility and existing customer, was an award for Over-Fire Air systems and burner modifications for two coal-fired units. Fuel Tech OFA systems reduce nitrogen oxide formation by diverting air from the burner zone to the upper furnace for enhanced combustion staging. Burner modifications adjust the combustion process to account for the lower air flow in the burner zone, which will further reduce NOx formation. Equipment deliveries are currently scheduled for the second quarter of 2012. The Company also received an award, placed by a major utility and an existing customer, for a Selective Non-Catalytic Reduction (SNCR) project for a large coal-fired unit located in the Midwest U.S. Fuel Tech's SNCR process is a post-combustion NOx reduction method which reduces NOx through the controlled injection of reagent into the post-combustion flue gas path. Equipment deliveries are currently scheduled for the second quarter of 2012.
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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