The Bulls are Back in Alpha Natural Resources

by Benzinga Staff
August 1, 2012 2:36 PM | 27 seconds 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.

Last Friday, coal producer Alpha Natural Resources (NYSE: ANR) saw unusual bullish option activity with January 2013 $8 call-January 2013 $4 put "risk reversal" trading 25,00 times.It appears that those traders are back for more on Wednesday. This same bullish strategy looks to have traded upwards to 15,000 times, including blocks of 6,000 and 1,000 contracts. The stock is relatively unchanged from Friday's level and has seen no significant news headlines over the last three trading days. The company is slated to report its quarterly earnings on August 8th.

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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