May 16, 2012 6:38 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.
Quanta Services, Inc. (NYSE: PWR) today announced the expansion of its master agreement regarding Competitive Renewable Energy Zone (CREZ) projects assigned to Electric Transmission Texas, LLC (ETT) by the Public Utility Commission of Texas (PUCT). Under the expanded master agreement, Quanta has the exclusive right initially to negotiate the construction of the entire 460 miles of new 345-kV transmission line projects in west Texas. Quanta previously had initial bidding rights to approximately 250 miles of the projects. Quanta also announced today that it has been awarded two Individual Project Authorizations (IPAs) under the master agreement for the construction of approximately 155 miles of ETT's CREZ projects. All of ETT's CREZ projects are planned to be complete by the end of 2013. "Quanta has the expertise and quality resources to complete these projects on time and on budget, making our decision to provide the Quanta team the opportunity to construct all of ETT's CREZ lines a strategic and logical choice," said Calvin Crowder, president of ETT. "Quanta's exceptional commitment to safety, quality and efficiency will help ETT create a robust transmission network that provides value for Texans for decades."
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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