December 9, 2011 3:43 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 NovaGold Resources (AMEX: NG) is a “very speculative stock. If you believe in gold long term, then I'll bless it." For Johnson & Johnson (NYSE: JNJ), he said, "I think you're fine with J&J. I don't like all the recalls, but I do like the 3.5% yield." Cramer prefers General Mills (NYSE: GIS) or Unilever (NYSE: UL) to Sara Lee (NYSE: SLE). For Lululemon Athletica (NASDAQ: LULU), he said, "I'm only going with Nike (NYSE: NKE) now since they boosted the dividend there." Cramer prefers Intel (NASDAQ: INTC) to Micron Technology (NASDAQ: MU). He said that Intel “has a 3.5% dividend. That's the way to go." For Titan International (NYSE: TWI), Jim said, "It's auto and we got some good news in auto today. I think this market's gotten too hard for autos, though." He said that Freeport-McMoRan (NYSE: FCX) is the “best miner but if we get a slowdown in Europe, it's going to $34 or $35."For Lender Processing Services (NYSE: LPS), Cramer said, "That's the mortgage business. That's too close to banking for me." 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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