February 28, 2012 9:51 AM | 1 min read
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.
According to a research report published today by Sterne Agee, PetroQuest Energy (NYSE: PQ) will begin utilizing $92 million from Phase 2's proceeds in both the Woodford Shale and the Mississippi Lime.In the report, Sterne Agee commented, “The amended JV states that PetroQuest will pay 25% of well costs for a 50% working interest in both plays. It was previously paying 20% of well costs for a 50% working interest in the Woodford Shale, so the company is essentially taking a haircut on the terms to confirm Phase 2 will happen, and to allow the $92 million in drilling carries to be applied to both plays.”Sterne Agee maintains its Buy rating and $10 PT on PetroQuest Energy, which closed yesterday at $6.21.
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.
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