UPDATE: FreightCar America Posts Downbeat Q2 Results

by Benzinga Staff
August 6, 2012 6:45 AM | 20 seconds 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.

FreightCar America (NASDAQ: RAIL) reported a weaker-than-expected second-quarter results.FreightCar America's quarterly net income surged to $5.6 million, or $0.46 per share, versus $184,000, or $0.02 per share, in the year-ago period.Its revenue climbed 85% to $181.2 million. However, analysts were expecting earnings of $0.57 per share on revenue of $189.3 million.FreightCar America's new orders declined 12% to 961 units.FreightCar America shares closed at $20.98 on Friday.

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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