January 26, 2012 7:35 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.
Alliance Data Systems Corporation (NYSE: ADS) today announced it has signed a multi-year renewal agreement to continue providing private label credit card services to Reeds Jewelers. A purveyor of certified diamonds, diamond rings, fine jewelry, watches, and distributor of leading designer brand jewelry, including several luxury brands, Reeds also boasts strong bridal product line sales. Founded in 1946 and headquartered in Wilmington, N.C., the family-owned and operated company has been an Alliance Data client for 10 years. Under terms of the agreement, Alliance Data will continue to provide private label credit card services for the Reeds Jewelers Credit Card program, including account acquisition and activation, receivables funding, card authorization, private label credit card issuance, statement generation, remittance processing, customer service functions, and marketing services.
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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