July 16, 2012 1:52 PM | 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.
Hewlett-Packard (NASDAQ: HPQ) is on the cusp of losing its title as the world's largest manufacturer of PCs.According to
Reuters, Lenovo could be the firm that steals that crown.The Beijing, China-based corporation, which acquired IBM's (NYSE: IBM) personal computer business
in 2005, could become the new world leader as soon as this year."It's just a matter of time before Lenovo becomes No. 1 and it won't be surprising at all if it happens later this year," Frederick Wong, executive director at Avant Capital Management, told Reuters.Lenovo became the number-two PC player in the third quarter of 2011. Citing research from IDC, Reuters said that during the April-June 2012 quarter, Lenovo held 14.9 percent of the global market share, while Hewlett-Packard held 15.5 percent. Gartner (NYSE: IT), another industry research firm, believes that the gap between Lenovo and Hewlett-Packard is even smaller.The bad news does not end there. Hewlett-Packard hit a 52 week low today, with shares declining to $18.77. The stock is trading at its lowest levels since 2004.
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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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