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.
Cummins (NYSE:CMI) has outperformed the market over the past 20 years by 10.58% on an annualized basis.
Buying $100 In CMI: 20 years ago, an investor could have purchased 11.21 shares of Cummins at the time with $100. This investment in CMI would have produced an average annual return of 17.83%. Currently, Cummins has a market capitalization of $33.98 billion.
Cummins's Share Price Over Last 20 Years
If you had invested $100 in Cummins you would have approximately $3,529.51 today.
In other words, you would have more than 30X'd your money.
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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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