December 16, 2011 11:17 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.
Wunderlich Securities maintains its Buy rating on Cablevision (NYSE: CVC) as the company's COO, Tom Rutledge, announces departure. Wunderlich comments, "After the close yesterday, Buy-rated Cablevision (CVC) announced that rock star COO Tom Rutledge, 58, is resigning with a search now in process for a successor. No reasons were specified, but it is possible that he could emerge as the next Charter Communications (CHTR-NR) CEO, or that he simply decided to de-stress from continual MMA competition with programmers and FiOS. His departure is not necessarily synonymous with any near-term Time Warner Cable(TWC-$62.24, Hold) bid or private equity deal, and may detract from topping theprice given Rutledge's aura."CVC closed at $13.93 per share on Thursday.
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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