Notable Put Options Activity in Extorre Gold Mines

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.

Shares of Extorre Gold Mines (AMEX: XG) are lower on the session by 4.21%, currently trading at $8.42. The stock has been moving largely lower over the past five weeks and is currently testing the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $10.00 put, which has traded 690 times on open interest of 68 contracts. Put volume is outpacing call volume by 1,000 to 1. Extorre Gold Mines Limited, formerly 7300492 Canada Inc., is an exploration-stage company. The company is engaged in acquisition and exploration of mineral properties located in Argentina.

27% profits every 20 days?

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