February 21, 2012 4:45 PM | 27 seconds 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.
Gentex Corporation(NASDAQ: GNTX), the Zeeland, Michigan-based manufacturer ofautomatic-dimming rearview mirrors and camera-based lighting-assistand driver-assist systems for the automotive industry, commercialfire protection products and dimmable aircraft windows, todayannounced that its Board of Directors approved an eight percentincrease in its quarterly cash dividend rate from $0.12 (12 cents) to$0.13 (13 cents) per share. The Board subsequently declared aquarterly cash dividend of $0.13 per share that will be payable April20, 2012, to shareholders of record of the common stock at the closeof business on April 5, 2012. The dividend yield will beapproximately two percent.
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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