February 16, 2012 10:56 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.
Terex Corporation (NYSE: TEX) is trading higher on the session following its Q4 earnigns announcement yesterday. The company reported EPS $0.26 vs $0.25 estimate and net sales on $1.956 billion vs $1.92 billion estimate. Ron DeFeo, Terex Chairman and Chief Executive Officer said, “During 2011, we made significant investments and improvements and implemented actions to set us on a course toward improved profitability in 2012 and beyond. We have seen further recovery in many of our end markets as utilization rates improve and existing fleets age. This is consistent with an overall improving construction and economic environment. Emerging economies continue to grow most rapidly, along with solid performance in North America. This has helped offset some of the continuing weakness in several European markets.”Terex is currently trading at $25.19, a gain of $1.66 or 7.05%.
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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