Fast Money Picks For March 23rd (FCX, CHD, JNJ)

by Benzinga Staff
March 22, 2012 9:43 PM | 1 min read | Make a Comment

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.

CNBC Fast Money's Guy Adami said on the show that Church & Dwight Co., Inc.(NYSE: CHD) trade still works. Church & Dwight Co., Inc. (CHD) gained 0.72% today, and it closed at $49.25.Keith McCullough would take a short position in Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) tomorrow. Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) dropped 3.69% today, and it closed at $38.33. Anthony Scaramucci thinks that Johnson & Johnson (NYSE: JNJ) should be bought. Johnson & Johnson (JNJ) lost 0.46% today, and it closed at $64.46.Joe Terranova believes that Hibbett Sports, Inc. (NASDAQ: HIBB) is a buy. Hibbett Sports, Inc. (HIBB) added 0.71% today, and it closed at $53.83.

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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Posted In: CNBCLong IdeasShort IdeasFast MoneyMediaTrading IdeasAnthony ScaramucciGuy AdamiJoe TerranovaKeith McCullough

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