January 19, 2012 9:01 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.
Cypress Semiconductor Corp. (NASDAQ: CY) today reported that as a result of the discovery phase of its litigation with GSI, the accused products list was expanded in the ongoing ITC action to include GSI's standard Synchronous and ZBT SRAMs. In addition, in a filing with the International Trade Commission on Nov 21, 2011, a proprietary product made by GSI for its largest customer was also added to the suit. The new additions to the ITC action were added to the original complaint filed with the ITC in June 2011, which also alleges infringement by GSI's SigmaQuad-II™, SigmaQuad-III™ and SigmaDDR™ SRAM families of four Cypress SRAM patents. The Cypress complaint seeks an exclusion order from the ITC that would prevent the importation of all infringing GSI SRAMs. In recent weeks, Cypress has released from its ITC action several companies originally named as importers of GSI memory products incorporated into their products. These companies have agreed to terms acceptable to Cypress with respect to ending the importation of the products named in the ITC.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.